Magna Charta 2 was one of the first eastern RPGs announced for the 360...It was a long time ago of the announcement, and as far as I knew, it was a 2008-planned launch date.
As for the Korean market, I have no idea if you'd consider it expanding. It's like the French or Italian markets: lots of income per person (very very good), strong technology base, but consumers just don't like consoles.
Korea has a MASSIVE broadband penetration rate. I believe it's somewhere near 80% (far more than the US). This has allowed it, like China to be very PC-centric and MP-centric. Because of such a strong development, the PC has been the go-to for any and every sort of game, leaving console developers to revel in a few studios.
However, with the Xbox 360 and Playstation 3 having huge pushes on multiplayer and MMO support, things have *seemed* to go better. I believe as of June, the Xbox 360 and Playstation 3 were around just below 200,000 units total (125/50 or 65), X360/PS3, and seemed to be rapidly growing.
If any next gen system, albiet Wii, PS3 or X360 gets some sort of strong MMO community (home could be huge there), sales would probably be staggering.
So I'd say the market is poised for a big expansion this generation. As far as I know, PSP and DS sales are very strong, and I *think* I've read that the PSP = DS there, in a very strange turn of events (due to the PSP's online capabilities).
Back from the dead, I'm afraid.
