Computer games are basically created to run on personal computers. Video games require specialized hardware (i.e., the Sony Playstation, Nintendo, etc.) (Dixon and Karboulonis, 1999).

Internet Games are divided into two sub-categories: Server based games and peer-to-peer play. Server based games are downloaded from web sites and are usually multi-player and capable of supporting thousands of users simultaneously. Revenues for server based games usually involve pay-per-time and subscription fees. Peer-to-peer play involves downloading software or purchasing CD-ROMs and dialing into either an aggregator or friend's server. Revenues for peer-to-peer games are based on advertising and e-commerce (Kissel, 1999).

The game industry in Korea sprung up in 1989 when Korean conglomerates entered in video game industry (Hwang, 1995). They only relied on importing all parts of consoles and software in video game. But most of them went out of

(e) Lack of an effective distribution system and reliance on bundling for distribution

The state can help fund companies through traditional methods such as debt, quasi-debt and equity. These funds may take the role of private financial intermediaries incapable of estimating high risk and high return projects in the Korean game industry, where there exists uncertainty or a great asymmetry of information.

Koivunen & Kotro (1998) noted that almost everywhere governments are gradually letting go of centralized steering of culture and giving room for economic growth in cultural industry. The European Commission has reported that culture-related industries are a growth potential and a potential employment market. It has been developing a support mechanism and establishing an environment favorable for business in the sector (EC, 1998).

Some topics in this essay:
Instruments Creation, Koivunen Kotro, War Revenues, Game Developer’s, TVPC Business, CD Rom, Internet Games, Ang Illbo, Karaoke Thanks, X-box Playstation2, game industry, value chain, korean game, game software, cultural industry, korean game industry, online game, korean companies, consumer interface, game business, industry korea, server based games, methods value chain, game developer’s 1998, 1999 internet games,