Kabam Games Continues its Growth in Vancouver, B.C.
Mobile gaming company Kabam Games continues its Vancouver expansion following a 2016 strategic acquisition by South Korea’s Netmarble Games. Kabam is an industry leader of massively multiplayer high-quality mobile games, including the globally popular and award winning Marvel Contest of Champions and Transformers: Forged to Fight.
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Established in 2000, Netmarble has thrived as one of the top mobile game companies on the global scene with the sole purpose of providing players with an epic gaming experience. More than 3,500 Netmarble employees work at the company’s main office located in Seoul, South Korea, and seven overseas offices. In Vancouver, Kabam employs over 200 people and has plans to hire a significant number of new staff as part of its growth strategy. Netmarble’s strategic acquisition of Kabam is expected to help its global growth.
There is an ever-increasing concentration of video game industry talent, foreign investment and companies located in British Columbia. Trade and Invest British Columbia has actively promoted the strengths of B.C.’s video game cluster and investment opportunities to Korean companies seeking entry into the North American market. A series of ongoing B.C. Trade and Investment Representative and Ministry of Jobs, Trade and Technology investment meetings take place with major companies such as Netmarble at annual international gaming events including G-Star in South Korea and Game Developers Conference (GDC) in San Francisco. During the January 2018 B.C. trade mission to Korea, Premier John Horgan and Minister of Jobs, Trade and Technology Bruce Ralston met with the CEO of Netmarble at its Seoul headquarters. The discussion included Netmarble’s North American growth strategy and how the Province can further assist with its Vancouver expansion through ongoing access to talent by ensuring supportive immigration programs and expanded post-secondary opportunities related to interactive and digital media.
British Columbia is home to one of the oldest video game clusters in North America, established in the early 1980s. Today, British Columbia is home to the world’s largest digital entertainment hub, with over 150 video game development studios. Since 2015, the number of companies has grown by 19% and full time jobs have increased by 7%. Digital entertainment is part of a broader creative sector which supports more than 90,000 full-time workers and thousands more part-time contractors across four sectors: the motion picture industry, music and sound recording, interactive and digital media, and book and magazine publishing. B.C.’s interactive and digital media industry has 1,150 creative tech companies with $2.3B in annual sales and 16,500 jobs.
Want to know more about the interactive and digital media sector in B.C. or how Trade and Invest British Columbia can help you grow your business on a global scale? Visit our website or follow us on LinkedIn and Twitter.