Krafton strengthens its position in the mobile device market with 5minlab

5minlab’s experience in technology based game development will greatly help Krafton in the mobile space.

As Krafton looks to expand its gaming capabilities, the South Korean publisher has decided to hire employees by offering 5minlab (Smash Legends, Como in Adventure, Brickscape, Express Thru) for at least $20 million. The latter joins a collective of independent game development studios made up of PUBG Studio, Bluehole Studio, Striking Distance Studios, RisingWings, Dreammotion and Unknown Worlds, creators of Subnautica and Natural Selection.

“Based on how 5minlab has risen to bold challenges and grown significantly since its founding in 2013, Krafton believes we share the same goals and aspirations in the game development space,” said CH Kim, CEO of Krafton. “With this acquisition, Krafton connects with an independent studio with outstanding developers who have excellent technical skills. With our support, we only hope to expand 5minlab’s ability to create exciting new games.”Park Moon-hyun, CEO of 5minlab: “In addition to being a globally successful Korean gaming company, Krafton’s commitment to strengthening its technology and expanding its game development capabilities remains unchanged. We believe, that 5minlab’s experience and technology in global operations will help Krafton strengthen its competitive edge. We can’t wait to see the amazing experiences we will create together. “