On the other hand, it is rare for individual licensees of a game to be subject to sanctions even if the game is in violation of the relevant laws. The KFTC has a history of imposing administrative fines for unfair enterprise practices, including false or misleading advertising. There are no specific disclosure requirements for acquisitions or adjustments of control of gaming and gambling firms alternatively, basic guidelines on merger handle in Korea apply. Listed companies are obligated to disclose acquisitions and transform of manage. As described in 2.1 Online, in principle, on the web gambling with “speculative” nature is prohibited. See 7.1 RG Specifications concerning game-related management tools that do not fall under speculative on-line gambling.
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