KLab rose for the third straight session after its planned AI game was selected for the new project support menu of the Ministry of Economy, Trade and Industry's "IP360" support program, which was viewed as a buying catalyst.
KLab, which develops games for smartphones, rose for the third straight session. On the 14th, its shares gained ¥10 from the previous day to reach ¥177, closing at ¥176.
The planned AI game project was selected for the IP360 new project support menu under METI's Content Industry Growth Investment Support Program. The selection raised expectations for funding for development and commercialization.
The project aims to create a new gaming experience centered on smooth communication between players and AI-enabled in-game characters. It is currently in the basic technology development and early development stages.