The ruling and opposition parties failed to reach an agreement on a special bill on direct (Internet-only) banks, which involves the easing of the banking-commerce separation. As a result, the bill is unlikely to be passed in the plenary session of the National Assembly on Aug. 30.When it comes to i
The leading contributor to the revival of Korea’s creative content industry is games. According to the Korea Creative Content Agency (KOCCA), the revenue of the game industry last year was 12.24 trillion won, a 12.4% rise from the same period last year. Game exports amounted to 3.9 trillion won, acc
Kim Jung-ju, the chairman of NXC, the holding company of Nexon, has pledged to donate more than 100 billion won of his personal wealth to philanthropic causes.“I will begin work to donate part of my family's wealth to create a better society and future,” the 49-year-old entrepreneur said in a st
Nexon Co., Korea's largest game developer, is taking another step into the cryptocurrency business. Last year, the company acquired Korbit, one of the three largest cryptocurrency exchanges in Korea. Now, it is seeking to acquire Bitstamp, a European cryptocurrency exchange.According to the fore