Suspicions, Rebuttals, and Lawsuits... The Gaming Industry Divided Over the Kim Nam-guk Incident

The controversy over lawmaker Kim Nam-guk's virtual asset investment has escalated into a 'Coin Gate,' causing daily turmoil in the gaming industry. As the Korea Game Society raised allegations of lobbying in the National Assembly, Wemade has taken a tough stance with a criminal complaint, deepening the conflict.

On the 18th, the Korea Game Society issued a statement saying, "We have encountered a shocking situation where a powerful capital conglomerate is suing an academic organization like our society," adding, "The situation facing Korean games is extremely embarrassing."

It continued, "Even if Wemade acted because the society negatively affected their profits, the actions of the Game Industry Association evoke a sense of self-disgust," and criticized, "We cannot shake the suspicion that the association has become an institution representing the interests of some game companies like P2E firms."

This was a joint criticism of Wemade, which filed a criminal complaint against Korea Game Society Chairman Wi Jeong-hyun, and the Korea Game Industry Association, which defended Wemade.

On the 17th, Wemade filed a criminal complaint against Chairman Wi on charges of defamation by spreading false information. While denying the lobbying allegations raised by Chairman Wi regarding legislation in the National Assembly, Wemade took a strong legal stance.

Chairman Wi had alleged that lawmaker Kim Nam-guk's large holdings of the virtual asset WEMIX were connected to lobbying efforts in the National Assembly. He claimed that game companies issued virtual assets and then pushed for regulatory easing while lobbying the National Assembly. He also suggested a full investigation into lawmakers' investments in game company virtual assets.

Wemade stated, "The Korea Game Society and Chairman Wi have continuously engaged in acts that tarnish Wemade's legitimate business activities with immoral images through unverified suspicions, rumors, speculation, and media interviews," adding, "They have greatly damaged the company's image by claiming that the company has conducted illegal lobbying in the National Assembly."

Wemade is also considering filing a civil lawsuit. The company intends to hold accountable those responsible for the massive damages suffered by Wemade shareholders, the WEMIX community, and investors. Going forward, it plans to respond strongly under a zero-tolerance policy against malicious rumors and groundless speculation.

On the same day, the Korea Game Industry Association also issued a statement pointing out issues with the Korea Game Society. The association said, "Using the position of the Korea Game Society chairman, they have been raising baseless allegations daily and making insulting remarks about the entire game industry," and added, "They must stop actions that disparage the game industry with insulting language."

This content was produced with the assistance of AI translation services.