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Games & Commerce

Smilegate loses first trial in IPO failure damages suit, ordered to pay 100 billion won

Smilegate lost a first-instance damages lawsuit over the failed initial public offering of Smilegate RPG. The Seoul Central District Court ruled for Mirae Asset Securities and ordered Smilegate to pay 100 billion won plus delayed-payment interest at an annual rate of 12 percent from Dec. 8, 2023 until full payment, and to bear litigation costs. The dispute centers on accounting treatment of conversion rights and whether an IPO obligation lapsed.

Crypto

How U.S. Gen Z views bitcoin as TikTok influencer advice plays a role

U.S. Gen Z investors are moving into bitcoin and other cryptocurrencies despite sharp volatility, with more than 64 percent saying they are willing to take risks and about two thirds planning to invest this year. Many turn to TikTok and other social media for financial advice and report “financial FOMO.” The trend is accompanied by concerns about limited understanding, unverified tips, market transparency and the limits of diversification benefits.

AI & Enterprise

Seoul to host IAEA fusion energy conference in October 2027

South Korea’s Ministry of Science and ICT said on April 2 it will host the 31st IAEA Fusion Energy Conference in Seoul in October 2027. The ministry said it signed an agreement with the International Atomic Energy Agency to support preparations. About 1,500 government officials and fusion experts from around 40 countries are expected. The event will discuss research results, commercialisation strategies, cooperation, regulation and standards, and private investment.