The government plans to spend 350 billion won to nurture the domestic computer game industry.

The Ministry of Culture, Sports and Tourism said Wednesday that it will also create a 200-billion-won game fund and seek to make electronic sports a formal sporting event.

The ministry also said that under its long-term plan, Korea will become the world's top-three game powerhouse with a domestic market worth 10 trillion won and annual exports of 3.6 billion dollars.

The ministry explained that its plan focuses on increasing support for strategic export of locally developed computer games and nurturing independent development studios.