According to a report from Yahoo Korea, Bluehole Studio, developer of the upcoming Pay-to-Play MMORPG epic, TERA, has flexed its financial muscles and invested in 2 smaller Korean gaming studios. Bluehole Studio, after injections of funds from various investors since founded in 2007, has opened up its own investment firm, Bon Angels. Its first order of business was to invest in the 2 studios mentioned above, L.Time Games and Ginno Games.
L.Time Games, founded in June 2009, is currently developing a 3D casual MMO, titled Wind Runner. Ginno Games was founded in July 2009 and currently developing a full-fledge MMORPG, Immortal Online. The investment made for both companies is around USD 310,000.