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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: 49thMIMOMander who wrote (2421)	8/29/2002 3:08:38 PM
From: waitwatchwander	Respond to of 9255

Nokia and Korean Game Industry to Cooperate; Korea Game Development & Promotion Institute and Nokia Link Up to Boost Mobile Games stockhouse.com LONDON, Aug 29, 2002 (BUSINESS WIRE) -- Nokia (NYSE:NOK), the global leader in mobile communications, and the Korea Game Development & Promotion Institute (KGDI), today announced the signing of an agreement of mutual support for the development and deployment of Korean digital content for mobile communications. The agreement will nurture one of Asia's fastest-growing games industries. Nokia will provide Korean developers with its matchless technical resources and aid in entering European and American markets. "Korea has committed enormous resources to establishing creative and technological gaming leadership and we've seen an astounding number of high-quality mobile games as a result," said Vesa-Pekka Kirsi, who heads the games effort for Forum Nokia, Nokia's global developer effort. "This agreement underscores our commitment to working with some of the world's leading mobile games developers to help their games get out into the global marketplace." As a part of the cooperation, Nokia will gain access to the leading-edge mobile game technologies and content being created through the support of KGDI - a unique government agency whose mission is to make the digital games industry to Korea what Hollywood is to the United States. KGDI operates a Game Academy to develop skilled game technologists, participates in research and development through its Games Research Center and invests in early-stage games companies through a venture capital arm. KGDI officials see this relationship with Nokia as an opportunity to link up with the leading technology in the fast-growing mobile communications industry. With the continuing growth of wireless technology, KGDI officials expect games to become an increasingly important content component of mobile services. "This agreement with Nokia helps ensure that our developers have the resources they need to develop applications on the newest devices from Nokia--and opens up distribution channels to get our applications into the hands of the world's leading operators in order to enable Korean developers to play a leading role in the evolution of this market," said Young-soo Chong, president, KGDI. Nokia and KGDI will conduct technical forums, share market information and provide Korean game developers early access to wireless equipment. Korean developers will also have access to Nokia Tradepoint, a business-to-business mobile services e-marketplace linking buyers and suppliers for trade in mobile applications and content. Nokia Tradepoint contains a wide spectrum of applications covering business, finance and entertainment. The service already lists approximately 500 games from 70 game companies around the globe. Nokia has long been a leader in mobile games. In 1997, it was first in bringing mobile games to the mass market. Since then, hundreds of millions of Nokia users globally have played and enjoyed games on Nokia's handsets. Nokia is committed to a future with ever more sophisticated and exciting game play for millions of mobile users and new revenue streams for service providers and content developers. The Nokia-KGDI agreement was announced here at the Nokia Global Games Summit, a day-long business development event that brought together the world's leading mobile operators and mobile games creators. About KGDI Founded in 1999, The Korea Game Development & Promotion Institute is a government-backed, non-profit agency that fosters growth of Korea's games industry with technical support, overseas business support, joint research & development and professional training. KGDI also is active in consumer education about gaming and sponsors the "Korea Pavilion" exhibit at major global games industry trade shows such as E3. Originally called the Korean Game Promotion Center, the agency officially changed its name to KGDI on January 1, 2002. Information is available at www.gameinfinity.or.kr. About Forum Nokia Nokia's global developer program, Forum Nokia, connects developers to the tools, technical information, support, and distribution channels they need to build and market applications around the globe. From offices in the U.S., Europe, Japan, China, and Singapore, Forum Nokia staff provide direct technical and business development support to leading developers and operators in order to ensure the successful launch of services to consumers and enterprises. More information is available at www.forum.nokia.com. About Nokia Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Media and Industry Analysts only please contact Nokia Communications - Global developer program Charles Chopp Tel: +1 972-894-4573 communication.corp@nokia.com or Korean Game Development and Promotion Institute Communications Jinsug Kim Tel : +82 2 3424 4140 jinsug1@gameinfinity