SEOUL, April 29 (Korea Bizwire) — Krafton Inc. announced Tuesday that it achieved record-high quarterly revenue in the first quarter of 2025, driven by the sustained success of PUBG: Battlegrounds and the strong early performance of its newly launched life simulation game inZOI. According to its regulatory filing, Krafton’s operating profit reached 457.3 billion won ($334 [...]
SEOUL, April 25, (Korea Bizwire) — Microsoft is once again under fire from South Korean gamers over what many are calling continued neglect of the country’s gaming market, following the surprise global release of The Elder Scrolls IV: Oblivion Remastered — a launch that excluded South Korea entirely. Released at midnight on April 23 (KST) [...]
SEOUL, April 25 (Korea Bizwire) — South Korea will soon mandate that large foreign gaming companies designate local representatives as part of a broader effort to enhance consumer protection and enforce gaming regulations more effectively, the Ministry of Culture, Sports and Tourism announced on Thursday. The ministry plans to revise the enforcement decree of the Game [...]
SEOUL, April 21 (Korea Bizwire) — South Korea is witnessing a sharp rise in consumer complaints related to online game purchases, with a record number of disputes filed over the past year, according to new data from the Korea Consumer Agency (KCA). A total of 1,055 consumer dispute cases tied to online gaming were filed between [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s antitrust regulator has penalized a domestic game developer for deceiving players about the odds of winning in-game items, marking a rare move to regulate deceptive practices in the booming online gaming sector. The Korea Fair Trade Commission (KFTC) announced on Monday that it has imposed a corrective [...]
SEOUL, April 8 (Korea Bizwire) — In a move aimed at enhancing transparency in South Korea’s booming gaming industry, a new legislative proposal seeks to require game companies not only to disclose loot box odds, but also to provide players with their full personal histories of loot box outcomes. Representative Kim Byung-kee of the Democratic [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s Supreme Court has ruled that when a company uses copyrighted music without permission in an online game, each day of unauthorized use constitutes a separate financial gain — and thus a separate legal violation subject to its own statute of limitations. The landmark decision was announced Sunday after [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s game industry is bracing for the release of Nintendo’s long-anticipated Switch 2, slated for launch in June, marking the company’s first new console in eight years since the original Switch revolutionized hybrid gaming. With over 150 million units sold globally, the next-generation console is expected to spark renewed [...]
SEOUL, April 2 (Korea Bizwire) — South Korea’s gaming industry is ramping up its expansion into Southeast Asia, forging strategic partnerships and establishing local ventures to tap into one of the world’s fastest-growing digital entertainment markets. Leading game developers such as NCSoft and Nexon are at the forefront of this push, forming joint ventures and subsidiaries [...]
SEOUL, March 28 (Korea Bizwire) — Krafton Inc., the South Korean game developer of global hit titles such as PUBG: Battlegrounds, on Friday released the early access version of its new life simulation game inZOI on the global PC gaming platform Steam. Developed by Krafton’s inZOI Studio, the game has drawn growing interest from global [...]