SEOUL, June 26 (Korea Bizwire) — South Korea’s gaming industry is accelerating its entry into the Chinese market, following the Chinese government’s grant of a series of game service licenses to Korean-made games since late last year. China has been reluctant to approve South Korean video games, seemingly as an economic retaliation against Seoul due [...]
SEOUL, June 6 (Korea Bizwire) — South Korea’s video game industry, expanding its global reach beyond Asia and into the Western market, is now recognizing the importance of game accessibility for individuals with disabilities. NCSOFT Corp., a major online and mobile game developer, has incorporated new accessibility features into its recently concluded beta testing of [...]
SEOUL, March 16 (Korea Bizwire) — As the government plans to allow the legal cap on weekly work hours to be raised to 69 hours from 52 hours, the gaming industry, notorious for its “crunch mode” practices, is on alert. “Crunching” is a period of elevated workload where developers work significant overtime to deliver a [...]
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. [...]
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 [...]
SEOUL, May 7 (Korea Bizwire) — South Korea aims to expand its gaming industry by a third by 2024, as the sector is emerging as a powerful growth engine in the post-pandemic economy. The Ministry of Culture, Sports and Tourism on Thursday announced a five-year development plan, including relaxed regulations, increased support for businesses and [...]
SEOUL, April 17 (Korea Bizwire) — A Meister High School which will train talented students to become leaders in South Korea’s gaming industry has been established. Opening its doors Thursday in Anyang, Gyeonggi Province, the Gyeonggi Game Meister High School is the first Meister High School in the country dedicating to the gaming sector. The [...]
SEOUL, Jan. 31 (Korea Bizwire) — Employees of companies in the video game industry work overtime an average of 2.6 days a week, a recent report showed. In particular, it has been found that workers in development, technology, game management and quality assurance (QA) do overtime on a regular basis. According to a survey of [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s gaming industry is the world’s fourth largest in sales, but none of the local companies rank among the top producers, a report said Tuesday. According to the Korea Creative Content Agency, the industry’s sales in October came to US$5.76 billion. The number ranked fourth behind $34.4 billion [...]
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 [...]