Korea Joongang Daily
Korea JoongAng Daily

Ex-CEO of Wemade indicted for failing to disclose cryto data

CHang Hyun-guk, the former CEO of Wemade, was indicted on Monday for failing to disclose sales and circulation data of Wemix tokens.

2024-08-06

FTC probes NCsoft, Webzen over 'super accounts,' loot box odds

The state antitrust regulator is investigating NCsoft and Webzen for deceptive practices in the popular titles Lineage M, Lineage 2M and MU Archangel.

2024-04-23

Game publisher Wemade shares nose-dive after CEO's surprise departure

Game publisher Wemade's shares are tumbling following the announcement that now-former CEO Jang Hyun-guk will step down from the top position. Following Jang’s abrupt departure on Thursday, Wemade shares fell 111.36 percent to close at 56,200 won.

2024-03-15

Smilegate quietly unloaded final 2.59 percent stake in Wemade Play

Game publisher Smilegate unloaded a final 2.59 percent stake in Wemade Play last year amid tumbling share prices of its smaller gaming affiliate

2024-01-24

Wemade expands into Middle East with blockchain game hub

Korean game publisher Wemade plans to establish a center dedicated to its cryptocurrency system Wemix to expand into Middle Eastern regions.

2023-12-06

Singer Chungha named Wemade and Wemix's promotional model

Singer Chungha has been named promotional model for game company Wemade and its cryptocurrency Wemix, the game publisher said Thursday.

2023-10-26

Crypto exchanges raided over lawmaker's crypto scandal

Prosecutors raided the offices of multiple cryptocurrency exchanges to probe into the alleged fabrication of the amount of Wemix tokens put into circulation.

2023-06-01

DP lawmaker's scandal puts Korea's P2E sector at risk

A cryptocurrency trading scandal involving a lawmaker is battering Korea's in-game currencies market, also known as the play-to-earn (P2E) business.

2023-05-21

DP insiders miffed with failure to take Kim Nam-kuk to task

Disquiet within the liberal Democratic Party (DP) over Rep. Kim Nam-kuk's massive cryptocurrency transactions appeared to rise after a DP statement on the matter omitted any mention of referring the lawmaker to a parliamentary ethics committee.

2023-05-16

On display

Advertisements for game publisher Wemade’s non-fungible token (NFT) service “NEITH Station” are displayed in Times Square in New York on Thursday. Wemade participates in the world's biggest NFT...

2023-04-13