Nexon Fined $8.9m

Nexon Fined $8.9m

Business

04 January 2024 22:12

Korean Gaming company Nexon has been fined $8.9m by the Korea Fair Trade Commission for allegedly failing to disclose changes in the probability of obtaining in-game items in MapleStory. This marks the highest fine under the Act on Consumer Protection in Electronic Commerce in South Korea. The commission claimed that Nexon decreased the likelihood of acquiring items called Cubes, which players pay approximately $1.50 to draw, without informing the players about this alteration. Officials stated "We imposed the largest fine because the Cube is a core product of MapleStory, the period of the violation is long and this is the second violation following Sudden Attack."

Tags: Nexon

Share:

Sources:

Report mistake Submit news

Related news

View All

Rec Room Shuts Down June 1, 2026 as Social VR Platform Fails to Reach Profitability

TL;DR * Rec Room Inc. has announced its social VR platform will close permanently on June 1, 2026, with the...

Business

Apr 02, 2026

Crystal Dynamics Reportedly Developing New Lord of the Rings Game With $100M Abu Dhabi Funding

TL;DR * Crystal Dynamics, the studio behind the Tomb Raider series, is reportedly developing a new The Lord of the...

Business

Apr 01, 2026

Eidos-Montreal Cuts 124 Jobs and Loses Studio Head David Anfossi in Second Round of Layoffs

TL;DR * Eidos-Montréal has announced a workforce reduction of 124 employees, its second round of layoffs in months following December...

Business

Mar 31, 2026

Sony Raises PS5 Prices Globally From April 2: Base Console Up $100, PS5 Pro Hits $899.99

TL;DR * Sony is raising PS5 prices globally from April 2, 2026, with the base PS5 increasing $100 to $649.99,...

Business

Mar 30, 2026

Polymarket Signs SINNERS Esports in First Esports Team Sponsorship as CS2 Expansion Accelerates

TL;DR *SINNERS Esports revealed Polymarket as its Official Prediction Market Partner, marking the platform's first sponsorship deal with an esports...

Business

Mar 27, 2026

Nexon Fined $8.9m

Business

04 January 2024 22:12

Tags: Nexon

Korean Gaming company Nexon has been fined $8.9m by the Korea Fair Trade Commission for allegedly failing to disclose changes in the probability of obtaining in-game items in MapleStory. This marks the highest fine under the Act on Consumer Protection in Electronic Commerce in South Korea. The commission claimed that Nexon decreased the likelihood of acquiring items called Cubes, which players pay approximately $1.50 to draw, without informing the players about this alteration. Officials stated "We imposed the largest fine because the Cube is a core product of MapleStory, the period of the violation is long and this is the second violation following Sudden Attack."

Share:

Sources:

Report mistake Submit news

Related news

View All

Rec Room Shuts Down June 1, 2026 as Social VR Platform Fails to Reach Profitability

TL;DR * Rec Room Inc. has announced its social VR platform will close permanently on June 1, 2026, with the...

Business

Apr 02, 2026

Crystal Dynamics Reportedly Developing New Lord of the Rings Game With $100M Abu Dhabi Funding

TL;DR * Crystal Dynamics, the studio behind the Tomb Raider series, is reportedly developing a new The Lord of the...

Business

Apr 01, 2026

Eidos-Montreal Cuts 124 Jobs and Loses Studio Head David Anfossi in Second Round of Layoffs

TL;DR * Eidos-Montréal has announced a workforce reduction of 124 employees, its second round of layoffs in months following December...

Business

Mar 31, 2026

Sony Raises PS5 Prices Globally From April 2: Base Console Up $100, PS5 Pro Hits $899.99

TL;DR * Sony is raising PS5 prices globally from April 2, 2026, with the base PS5 increasing $100 to $649.99,...

Business

Mar 30, 2026

Polymarket Signs SINNERS Esports in First Esports Team Sponsorship as CS2 Expansion Accelerates

TL;DR *SINNERS Esports revealed Polymarket as its Official Prediction Market Partner, marking the platform's first sponsorship deal with an esports...

Business

Mar 27, 2026