South Korean Authorities Indict Former Korea Online Gaming Association Executive for Price-Fixing Scheme
South Korean prosecutors have indicted Kang Min-soo, a former executive at the Korea Online Gaming Association, along with eight others, for allegedly orchestrating a price-fixing conspiracy related to online game items. The indictment follows an investigation into efforts to manipulate the prices of virtual game items traded in South Korea from 2019 through 2022. According to the prosecution, Kang and his co-conspirators agreed to artificially inflate prices in the online game item market, violating the Monopoly Regulation and Fair Trade Act. The authorities highlighted that such collusion undermines fair competition in the growing virtual goods market connected to online gaming sectors. This case underscores increasing regulatory scrutiny over market practices in South Korea's digital and gaming industries.