SEOUL, June 17 (Korea Bizwire) — The Korea Game Society issued a strongly worded statement on Monday, condemning reports of a potential takeover bid by Chinese tech giant Tencent for South Korean gaming powerhouse Nexon, framing the move as a threat to national industrial sovereignty rather than a routine business transaction. Describing the reported acquisition [...]
SEJONG, June 16 — South Korea’s antitrust watchdog has imposed penalties on two major online game publishers, Krafton and Com2uS, for misleading players about the odds of winning in-game items—marking another step in a widening regulatory crackdown on deceptive practices in the gaming industry. The Korea Fair Trade Commission (KFTC) announced Monday that it has fined [...]
SEOUL, June 6 (Korea Bizwire) – Global tech giants Apple and Google are facing intensifying legal and political challenges to their longstanding in-app payment fee policies, prompting a growing number of South Korean game and IT companies to join class action efforts in the United States. According to Wither People, a Seoul-based law firm representing the [...]
GOYANG, South Korea, May 22 (Korea Bizwire) – The PlayX4 2025 gaming expo, one of South Korea’s largest gaming events, opened Thursday at KINTEX in Goyang, Gyeonggi Province, with major participation from domestic and international developers. Running through May 25, the four-day event is hosted by the Gyeonggi provincial government and co-organized by the Gyeonggi Content [...]
SEOUL, May 22, 2025 (Korea Bizwire) — After a prolonged slump driven by scandals and user attrition, South Korea’s blockchain gaming industry is showing signs of a robust revival, fueled by new product launches and anticipation of a more favorable regulatory climate under the incoming administration. Nexon, one of South Korea’s largest game developers, officially launched [...]
SEOUL, May 12 (Korea Bizwire) — South Korean gaming company Krafton Inc. said Monday it has opened the PUBG Global Series 8, an international esports tournament for its flagship battle royale game PUBG: Battlegrounds, in Shanghai. The event, running through Sunday, brings together 24 of the world’s top professional PUBG teams to compete in two [...]
SEOUL, May 8 (Korea Bizwire) — Netmarble Corp., a South Korean game developer, said Thursday it swung to a net profit in the first quarter on the successful launch of its new title, RF Online Next, and steady sales of its webtoon-based game Solo Leveling: ARISE. Netmarble’s net profit for the January-March period totaled 80.2 [...]
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 [...]