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Games & Commerce

FTC fines Webzen 1.58 billion won for misleading probability items

The Fair Trade Commission imposed a 1.58 billion won fine on Webzen for giving false information about drop rates in Mu Archangel and hiding a system that made rare items unobtainable until users made large numbers of purchases. The regulator said Webzen misled players and provided insufficient compensation to affected users. Webzen apologised and said it will continue refund processing and work on preventive measures.

Telecommunications & Media

Ministry of Science and ICT to hold hearing on mobile frequency reallocation

The Ministry of Science and ICT will gather opinions on its detailed policy for reallocating 370 MHz of mobile spectrum reaching the end of its usage term in 2026. The plan covers 3G and LTE bands held by SKT, KT and LG Uplus. A Dec. 1 briefing will outline market conditions, fee calculation and policy drafts, followed by discussion with academics, researchers, operators and consumer groups. SKT and LG Uplus are closely watching debates over the 2.6 GHz band. The ministry plans to finalise the policy within the year.

Telecommunications & Media

LG Uplus, HelloVision to keep current chiefs for 2026 plans

LG Uplus and LG HelloVision will maintain their current chief executives in 2026. LG Uplus plans to accelerate AI monetisation and expand its data centre operations, while also addressing security risks. LG HelloVision aims to stabilise performance amid a sluggish cable TV market and strengthen rental services as a new revenue source. Both companies face operational and market challenges as they move into next year.