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Domain: joins.com

Stories and comments across the archive that link to joins.com.

Stories · 2

  1. Virtual Currency Becomes Real In South Korea

    Games · Money · · posted by Soulskill · from the license-to-print-money dept. · 203 comments
    garylian writes "Massively is reporting that the South Korean Supreme Court has stated that virtual currency is the equivalent of real-world money. For those of you who might not be drawing the link, the core there is that selling in-game currency for real money is essentially just an exchange of currency and perfectly legal in South Korea. This could have sweeping implications for RMT operations the world over, not to mention free-to-play games and... well, online games in general. The official story is available online from JoongAng Daily."

  2. E-sports Gaining Popularity in South Korea

    · posted by ryuzaki0 · from the culture-with-taste dept. · 20 comments
    delirium of disorder writes "According to the JoongAng Daily, a Korean English language newspaper, e-sports are a large and growing pastime in South Korea. The market for organized gaming competitions in South Korea was 40 billion last year and is growing at 29 percent a year. Tens of thousands of people go to watch tournaments and Korea even has three 24-hour television channels devoted exclusively to computer gaming." From the article: "According to the Korea Game Development Institute, the average budget for a pro gaming team in Korea is about 1.5 billion won, which includes practice sites, living quarters and transportation. The income of pro gamers depends on the individual. The highest earners can receive about 200 million won a year in salary and prize money plus endorsements and other additional fees from television appearances."