South Korea Fines Krafton, Netmarble, and Five Other Game Firms for Unreported Crypto Payments
Seven major South Korean game companies, including industry giants Krafton and Netmarble, have been fined by the Korea Customs Service for using cryptocurrency wallets to facilitate international payments without reporting the transactions to foreign exchange authorities. The penalties, ranging from tens to hundreds of millions of South Korean won, were imposed following an investigation into violations of the Foreign Exchange Transactions Act, as reported by SBS Biz.