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Culture Minister Vows to Lift Regulations on Gaming Industry

Culture Minister Vows to Lift Regulations on Gaming Industry

SEOUL, July 1 (Korea Bizwire) — The culture minister on Friday pledged to lift the country’s strict regulations on the computer gaming industry, saying “games are not a disease.” Culture, Sports and Tourism Minister Park Bo-gyoon made the comment during a meeting with industry leaders at the Korea Association of Game Industry in southern Seoul. [...]

Blockchain Gaming Industry Concerned over TerraUSD, Luna Debacle

Blockchain Gaming Industry Concerned over TerraUSD, Luna Debacle

SEOUL, May 16 (Korea Bizwire) — South Korean game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna cryptocurrencies, industry officials said Monday. Cryptocurrencies operated by South Korean gaming companies for in-game purchases and trading have undergone volatile [...]

Classifying Game Addiction as a Disease Would be Devastating to Gaming Industry

Classifying Game Addiction as a Disease Would be Devastating to Gaming Industry

SEOUL, Dec. 13 (Korea Bizwire) – It has been reported that if game addiction is classified as a disease, the decrease in sales in the domestic gaming industry will be in the billions of won. Whether game addiction should be classified as a disease under the International Classification of Diseases (ICD) will be discussed at [...]