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Fair Trade Commission Sanctions Krafton and Nexon Korea for Subcontracting Violations

Jan 06, 2025over 1 year ago

Contract Type

contract

GangnamVideoGamingVideo Games

Description

The Fair Trade Commission has ordered Krafton and Nexon Korea to prevent recurrence on charges of violating the subcontracting law by not properly issuing contracts for subcontracted game production. Krafton was fined 36 million won for entrusting 42 services to multiple suppliers with delayed contract issuance and payments, while Nexon Korea was fined 32 million won for similar violations with 75 services.

Company Information

Company

Krafton

Location

Gangnam, Seoul, South Korea

About

Krafton Inc. is a South Korea-based video game publisher known for its original battle royale game PlayerUnknown’s Battlegrounds. The company has recently celebrated its first foray into the Japanese market with the acquisition of Tango Gameworks and the IP to Tango’s quirky rhythm game Hi-Fi Rush.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.