Korean IT Union Raises Alarm Over WEMADE Sale Impact on IP Sovereignty

The IT Committee of the Korean Chemical, Textile & Food Workers’ Union, led by Oh Se-yoon, voiced concerns over the recent stake sale by WEMADE’s founder, warning of potential risks to intellectual property (IP) sovereignty in the Korean game industry. The committee highlighted the possibility of Chinese capital influencing WEMADE’s core IP, which could lead to broader industry implications beyond the company itself. This move has raised fears of industrial hollowing out, where governance changes and technology leakage could harm the unique ecosystem of the Korean game industry. Notably, Chinese capital already holds stakes in major game companies like Webzen…