Today I came upon the news that Microsoft is to invest $147 million in South Korea over the next 5 years, they also announced earlier that they would make a strategic alliance with Hyundai Motors that involves an investment of $113 million dollars while Hyundai will provide $166 million dollars.

The plan was unveiled by Bill Gates during his talks with President Lee Myung Bak and he described Korea as a crucial business partner. This investment also involves the creation of a game development center that looks to take advantage of Korea’s massive gaming industry and quite probably in online gaming areas. On Hyundai’s side the investment is, in part, to develop a new in-vehicle music and entertainment system. The plan is an interesting example in foreign companies looking more and more towards Korea in some areas such as I have mentioned before in this blog.

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Posted: 05|14|08 at 7:32 pm. Filed under: Issue & Trend. New here? Follow this entry via RSS 2.0. Comment | Trackback