UI Magic Buys Korean Mobile Game Developer

Mobile Industry: San Diego-based UI Magic has bought Korean mobile game developer and publisher Moai Technology. “This acquisition will enable us to move into the real-time mobile networking gaming segment, which we expect will have huge potential in the US,” said UIM president and CEO Satoru Yukie.
From the press release: “With this stock purchase acquisition, UI Magic added 20 employees, most of whom were with Moai since its inception in January 2003. Harry “Jun Hwa” Chung was appointed to the management seat of UI Magic as the Chief Creative Officer and Executive Vice President of Korea Operations.”

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