The Korea Game Association today (10th) also urged that "the opposition lawmakers and their aides should investigate whether they are investing in Wimix" in connection with the controversy over Democratic Party lawmaker Kim Nam-kook's possession of the virtual currency "Wemix."
In a statement, the association claimed, "For several years, there have been rumors that P2E (Play to Earn) companies, associations, and organizations are lobbying the National Assembly."
P2E games based on blockchain technology are games where you can earn virtual currency or non-fungible tokens (NFTs) as rewards for playing.
Wemix, which became controversial because Congressman Kim Nam-kook was known to have billions of won worth early last year, is a representative P2E game coin issued by Korean game company Wemade.
"P2E games are strongly linked to probabilistic items that are criticized as 'gambling games,' and this is a structure in which game companies exploit users by selling items, not gamers making money," the society pointed out, "Coins can be issued and distributed at the discretion of game companies, and they are outside the legal framework."
"The fact that the demand for allowing such P2E games has continued to erupt around the National Assembly since last year, regardless of the opposition, is the result of the formation of a 'community of interests' around WeMix."
Professor Yu Jeong-hyun of Chung-Ang University's Faculty of Business, who is the president of the Korea Game Association, has consistently voiced opposition to the Korean game industry's "theory of allowing P2E games."
In January last year, Professor Wee was sworn in as the co-head of the Democratic Party's presidential candidate's special task force on games and metaverses, emphasizing the dangers of allowing P1E and expressing skepticism.
Game Society "suspects Wimix interest community... Should MPs investigate investment"
2023-05-11T11:28:21.584Z
Highlights: The Korea Game Association today (10th) urged that "the opposition lawmakers and their aides should investigate whether they are investing in Wimix" Wimix is a representative P2E game coin issued by Korean game company Wemade. Wemix became controversial because Congressman Kim Nam-kook was known to have billions of won worth early last year. Professor Yu Jeong-hyun of Chung-Ang University's Faculty of Business has consistently voiced opposition to the Korean game industry's "theory of allowing P1E games"

The Korea Game Association today also urged that "the opposition lawmakers and their aides should investigate whether they are investing in Wimix" in connection with the controversy over the holding of the virtual currency "Wemix" by Representative Kim Nam-kook of the Democratic Party.
Source: sbskr