Loot Box Archives | Be Korea-savvy

New Game Law Proposal Would Mandate Disclosure of Loot Box Histories

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 [...]

Game Management Committee Prepares to Monitor Loot Box Regulations Amidst Staffing Concerns

SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s Game Rating and Administration Committee (GRAC) is gearing up for the implementation of mandatory loot box probability disclosure requirements set to begin this March. However, concerns have been raised about the committee’s capacity to conduct thorough investigations due to its plan to fill the 24-member monitoring team with [...]