South Korea's SK Telecom has announced that it will "aggressively" advance into the Chinese online gaming market, after buying a stake in Shanghai-based service provider Magicgrids Networks.
South Korea’s leading mobile carrier said in a statement it has purchased a 30 per cent stake in Magicgrids Networks for US$7.8m.
The Korean firm said it will take part in game development, publishing and other management decisions of the Chinese company.