South Korean Game Developers Fined 945 000 For Their Implementation Of Loot Boxes
Three separate South Korean game developers have been fined by South Korea’s Fair Trade Commission after allegedly duping their customers through loot boxes. An internal investigation by the commission found that game developers Nexon, Netmarble, and NextFloor intentionally misled their customers after launching loot boxes that served as a tie-in for special in-game events. The FTC subsequently fined the three companies for a combined $945,000 on April 1. While all three game developers were punished by the commission, the largest penalty was issued to Nexon Korea at $882,000....