Korea: South Korea Bans Virtual ‘Unfair’ Asset Trading
In an apparently vaguely worded and of questionable enforceability announcement, the South Korean Ministry of Culture and Tourism announced that - starting next week - "the government will prohibit the trading of cyber items by 'unfair' and 'illegal' ways from next week to 'promote' the healthy growth of the game industry." Terra Nova has a post up that has parts of the new law excerpted, and explains: "The word 'abnormal play' is surely relating to some workshop whrere BOT program facilitated .... In the sphere of MMOs, RMTing of game money etc earned by normal play remains out of govermental regulation(except the possibility of taxing)."
Companies like NCSoft initially supported the ban, but people are starting to get suspicious about the government's motives and just how they plan to sort out legitimate deals from "unfair" and "illegal" ones. I guess we'll find out next week.
Ban on Cyber Asset Trading Clouds Game Industry [The Korea Times via PlayNoEvil]
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