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Frogster Interactive Pictures AG has been founded in 2005 after a management buy-out of a PC games publisher. Frogster focuses the growing market of massively multiplayer online games (please refer to Spotlight mmo games). To achieve a strategic market position, Frogster has among others acquired stakes in the cooperation partners OnlineWelten and Yusho as well as co-founded Frogster Studios in Korea and Online Embassy GmbH. OnlineWelten is the largest German language editorial mmo game internet portal site, Yusho one of the very few German companies holding the technical infrastructure and know how to operate mmo games in the internet. Frogster Studios produces an own, unique mmo game under the management and participation of highly experienced minds of the globally leading Korean mmo game industry (please refer to Holdings). Frogster Studios also plans to step into publishing of mmo games in Asia in 2008. To achieve this purpose, Frogster has secured the exclusive marketing license for the top title “The Chronicles of Spellborn”.