Krafton, Netmarble among 7 game firms fined over unreported crypto deals

Seven major South Korean game companies, including Krafton and Netmarble, have been fined for using cryptocurrency wallets for international payments without reporting the transactions to foreign exchange authorities, SBS Biz reported. According to industry sources, the Korea Customs Service recently concluded an investigation into the firms, which also included Com2uS and Kakao Games. The companies were reportedly fined between tens and hundreds of millions of won for violating reporting obligations under the Foreign Exchange Transactions Act.