Game stocks such as NC and Netmarble are hit by controversy over probability items

(Photo = Blue House National Petition)

The so-called game industry ‘3N’, such as NCsoft, Netmarble, and Nexon, is suffering from the issue of obligating probability of probability items. Amendments to the law are being discussed that require the politicians to make public disclosures amid fierce demands such as holding truck demonstrations by users.

In the stock market, stock prices such as NCsoft and Netmarble continued to decline. However, experts in the securities industry analyzed that even if the law was revised, the impact would not be significant.

The controversy over probability-type items was triggered again earlier this month with the update of the mythical weapon to NCsoft’s Lineage 2M. Many other items are needed to make a mythical weapon, but NC has been criticized by users without revealing the probability of the item.

Under the current self-regulation, it is only necessary to disclose the probability of cache-type items. The process of drawing again using this (probability type item) does not need to disclose the probability. It was pointed out that NC also used the loophole of this double’gacha’. Gacha (Complete チャ) refers to a system that collects items that can only be obtained by drawing in Japanese card games, etc., and draws more rare items.

The controversy over probabilistic items among leading domestic game companies has grown beyond control. Then, the government began to speed up the legalization of mandatory disclosure of probability-type items that was introduced at the end of last year. Currently, the Game Industry Association and the National Assembly are presenting different opinions amid sharp confrontation over this.

In the midst of controversy, game companies’ stock prices are on the decline. NCsoft’s stock price exceeded 1 million won and fell to 920,000 won within a few days. Netmarble also slipped from 140,000 won to 120,000 won earlier this month.

The securities industry predicts that this probability game issue will not cause significant damage to game companies.

Kim Jin-gu, a researcher at KTB Investment & Securities, said in a report that “there will be no impact on probabilistic item regulation.” “If a probability upper limit situation occurs, there will already be a problem of formation evaluation centered on one user who spend on games.” I thought that the possibility of leading to it was limited.

In addition, even if the regulation is implemented, it is an opinion that sales will not be affected significantly.

Researcher Kim said, “Even if the probability of each item is adjusted, the business model (BM) adjustment that promotes competition in the game through increasing major item types and item segmentation will surely appear. In conclusion, there will be no negative impact on sales.” Added.

Yoon Eul-jung, a researcher at Shinyoung Securities, also explained, “Even if it changes to mandatory regulations, it is unlikely that the sales of game companies will decrease.” “Because each game has different business models, it will not be easy to make a law that encompasses all of them.”

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