Krafton Invests 22 Billion KRW in Fast Track Asia to Secure Growth Momentum

Krafton announced on the 8th that it has made an investment in the startup holding company Fast Track Asia.

Fast Track Asia completed a paid-in capital increase worth approximately 22 billion KRW on June 2nd. Krafton invested about 22 billion KRW in this capital increase and additionally acquired 205,000 new shares.

Krafton highly evaluated Fast Track Asia's track record of over 10 years of continuous challenges in founding leading startups. Taking this investment as an opportunity, Krafton plans to support startup founding and global market challenges in the mid to long term and explore new business opportunities.

Krafton is pursuing diversification of its investment areas to secure new growth engines in the mid to long term. In addition to acquiring development studios to strengthen its core business area of game development capabilities, since 2023, it has been expanding second-party publishing opportunities through equity investments in external developers. Krafton is also actively investing in new markets such as India and the Middle East, putting effort into ecosystem creation. To strengthen investments outside of game development, Krafton is seeking new investment targets like Fast Track Asia.

Kim Chang-han, CEO of Krafton, said, "Since going public, Krafton has focused on laying the foundation for mid to long-term growth by investing in numerous domestic and international companies," adding, "We hope Krafton's investment in Fast Track Asia will serve as a catalyst to revitalize investment in the startup market."