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Games & Commerce

Five game industry associations call for tax credit for game production costs

Five South Korean game and e-sports associations urged the government and parliament to add a tax credit for game production costs to the 2026 tax revision plan and to extend and expand an e-sports tournament operating cost credit set to expire at year-end. They said games account for about 60 percent of K-content exports but are excluded from existing production cost tax credits. They also called for raising the e-sports credit rate and expanding its geographic scope nationwide.

Games & Commerce

HYBE posts Q2 operating profit of 170.9 billion won, up 159.3 percent

HYBE reported a second-quarter operating profit of 170.9 billion won, up 159.3 percent from a year earlier, in a preliminary tally filed on July 28. Revenue rose 105.5 percent to 1.45 trillion won and net profit climbed 613 percent to 109.8 billion won. The company said quarterly sales and operating profit hit record highs, supported by artist comebacks, world tours and higher merchandise and licensing revenue. Weverse monthly active users reached 14.43 million.