On December 15, 2020, a bill to overhaul the Game Industry Promotion Act (the “Game Industry Act,” and the bill, the “Amendment Bill”) has been proposed by Legislator Sangheon Lee.  Please see the attachment for more details on the Amendment Bill. 

Although the Amendment Bill was proposed on December 15, 2020 by Legislator Lee, the amendment efforts have been led by the Ministry of Culture, Sports and Tourism (the “MCST”).  The MCST conducted research and held a forum in February 2020 on major amendments to the Game Industry Act and announced in May 2020 that it plans to amend the Game Industry Act in its entirety as part of the 5-Year Comprehensive Plan for the Promotion of the Game Industry.  

As the Amendment Bill was referred to the Legislation Review Subcommittee within the Culture, Sports and Tourism Committee of the National Assembly on February 24, 2021, we expect the substantive review process would begin soon.  Legislator Lee also announced plans to collect opinions from game users and the industry to ensure that the National Assembly would pass the Amendment Bill.  However, as the Culture, Sports and Tourism Committee Staff Report raised various issues regarding main provisions in the Amendment Bill, and the Game Industry Association publicly expressed its objections to the MCST, it would be advisable to closely monitor future developments. 

[Korean version]