Global esports organisation, KSV eSports, has partnered with South Korean accounting firm Mirae Asset Venture Investment to provide assistance with wealth management for all of KSV’s players.
KSV eSports is committed to assisting its players in every way, or so it seems, already providing nutrition services physical training, English tutoring, and even media training. This approach to esports is taking cues from traditional sports, possibly helping to cement the competitive gaming industry as a viable career path.
KSV eSports is currently part of the Overwatch League with its franchise team Seoul Dynasty, which is innovative in its own right – offering pension schemes and a generous standard wage of at least $50,000 (£35,038). KSV eSports also competes in titles such as League of Legends, Heroes of the Storm, and PlayerUnknown’s Battlegrounds. Commenting on the new partnership, KSV eSports CEO, Kevin Chou, said: “Our players are professional athletes and deserve nothing less than the best quality support and treatment.”
“KSV is proud to lead the initiative for esports organizations to provide its athletes with important financial planning services to further develop responsible and respected professionals competing at the highest level,” he continued.
Justin Kim, General Manager at Mirae Asset Venture Investment, explained why the company decided to partner with the esports organisation to provide its services: “The esports industry is rapidly expanding, as are player salaries. We commend KSV for ensuring its players with varying degrees of life experience have access to quality financial management services to feel financially safe, comfortable, and empowered. This furthers KSV’s leadership vision of guiding esports to the global championship stage.”
Esports Insider says: This is another step forward for the esports industry, proving that it deserves the same level of attention and care as any other sport. With the wages and prize money that a number of pro players are receiving these days, wealth management can only be a good thing and this is a sensible move by KSV.