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A company with assets or revenues of KRW300 billion or more, if the assets or revenues of the target enterprise are KRW30 billion or much more, is essential to file a organization combination report to the KFTC. Listed companies are obligated to disclose acquisitions and modify of control. As talked about in 2.1 On the internet, in principle, speculative on line gambling is prohibited. As a separate matter, overseas gaming enterprise operators without the need of a local entity will not have a tax identification number in Korea. Games distributed in Korea are subject to age rating needs, and need to acquire a rating from the GRAC or a self-rating entity just before release.
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