Korean developers are now searching for a diverse strategy to the expansion into China, including the direct process of getting a license approval and the indirect method of releasing through a neighborhood publisher. It remains to be seen whether or not extra licenses will be granted to Korean games on a frequent basis. On the other hand, we believe increasing efforts by domestic developers will bear fruit going forward. Korean MMORPG titles, such as Dungeon & Fighter Mobile, Lineage, and Lost Ark, are ranked high on the list of highly-anticipated games amongst Chinese users. We think current license approvals point to a meaningful change in Chinese sentiment towards Korean games. Having said that, it is a quite limited opening mainly because in terms of culture and creativity they have a lot of restrictions.
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