Budget 2024 Expectations: Some experts said progressive allocations should be made towards the sector in the upcoming union budget, including towards the implementation of IT Rules for online games and the establishment of self-regulatory bodies.
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Amending local gaming laws: On Oct. 22, Rep. Jeon Jae-soo introduced a bill that aims to amend existing gaming laws, presenting new provisions that would penalize both creators and users of illegal programs. Proposed penalties: The amendments propose fines of 200,000 won ($154) for users of the illegal programs. Existing legislation: Current gaming laws in South Korea prohibit the development, distribution or sharing of gaming hacks.