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Games & Commerce

Wemade union formed, seeks job security

A KCTU-affiliated labour union has been formed at South Korean game company Wemade ahead of a planned change in its largest shareholder. The union said it will prepare for collective bargaining, seeking job security, improved working conditions and the continuation of key businesses. It cited growing anxiety among employees as Chairman Park Kwan-ho sells his entire stake. The union also raised concerns about management uncertainty linked to performance and WEMIX issues.

Games & Commerce

Wemade to launch \'Demon Corps Charge!\' globally in September on Wemix Play

Wemade will release a new version of its casual defence game \'Demon Corps Charge!\' that applies blockchain technology to global markets in September. The company said on Aug. 27 it will officially launch the mobile game, onboarded to its blockchain game platform Wemix Play, in about 170 countries worldwide excluding South Korea and some other countries. The game is developed by Lightcon and will be serviced through Wemix Play.

Crypto

Wemix finalises compensation for Wemix Dollar security incident, 500,000 WEMIX buyback

Wemix has finalised a compensation plan for a July security incident involving Wemix Dollar, covering users who held the token, provided liquidity or incurred trading losses during the affected period. The Wemix team will issue eqWEMIX$ and distribute it without applications to eligible holders and loss-affected traders, with later 1:1 exchange to USDC.e when the module resumes. It will also buy back 500,000 WEMIX.