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There are no passive investor requirements regarding acquisitions or alterations of control of gaming and gambling businesses. Game manufacturer and publisher registration licences can be regarded as B2B licences. A game publisher licence is necessary to distribute any gaming content manufactured overseas within Korea. Important offences incorporate unlawful gambling and habitual unlawful gambling beneath the Korean Criminal Code, and unlawful speculative activity below the Speculative Acts Regulation Act. As talked about in two.1 On the web, the Game Business Act and the Speculative Acts Regulation Act regulate the scope of prohibited games (eg, gambling) for becoming “speculative” in nature. Moreover, gambling is punishable beneath the Korean Criminal Code.
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