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‘Five Jack’ Attracts 1.5 Billion Won in Investment
Through ‘Itemku’
‘Five Jack’ Attracts 1.5 Billion Won in Investment
  • By Cho Jin-young
  • April 11, 2017, 01:30
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Five Jack running Itemku, an e-commerce service for Indonesian gamers, recently succeeded in attracted 1.5 billion won in additional investment from home and abroad.
Five Jack running Itemku, an e-commerce service for Indonesian gamers, recently succeeded in attracted 1.5 billion won in additional investment from home and abroad.

 

Five Jack (www.fivejack.com), which operates game e-commerce service Itemku (itemku.com) for Indonesian gamers, recently attracted 1.5 billion won in additional investment.

Five Jack announced on April 10 that it sealed deals to attract additional investment of 1.5 billion won from Korean and foreign investors such as 500 Startups and K Run Ventures. The deals came after investment from Born Angels in 2014 and 500 Startups in 2015. As a result, investment in Five Jack totaled about 2.1 billion won.

Kim Sung-jin, CEO of Five Jack, said, "We believe that we could draw the investment as our company is highly evaluated for the fact that our transaction and sales volumes are steadily increasing  over 30% a month and our company’s experience in localization in the Indonesian and Southeast Asia game markets with great future growth potential."

Five Jack is a start-up founded in Korea and Indonesia in 2013. Currently, the company is running Itemku, an e-commerce service centering on the Indonesian market.

Five Jack also launched last month and is tentatively running Gokil (gokil.me) based on hardcore gamers secured via Itemku in Indonesia to explore a possibility of becoming a gaming community. Beginning in the second half of this year, the company is planning to focus on expanding into Southeast Asia along with its growth in Indonesia.

"We hope that Five Jack, which was our member company in the past, will grow into the best integrated game community in Southeast Asia beyond Indonesia," said Kim Jong-gap, head of the K-ICT Born2Global Center specializing in supporting start-ups.