Gold Farming

Korea to prohibit trade of online game items starting next month

Korea’s Ministry of Culture, Sports and Television wants to ban gaming bots which gather resources in gaming, as well as the ability for players to trade and farm virtual items.

9 years ago

Gold Farming headlines

  • Monday Shorts - Vita accessories, Wii U trademarks, Carmack hearts this hardware gen

    Some things just can’t be spun out past a couple of sentences and the exhortation to go, look, and learn more.

    9 years ago
  • Swap in-game items for new games with Steam Trading

    Steam is currently testing a new system allowing players to securely and legitimately trade in-game items for other virtual goods – including full games.

    9 years ago
  • Report - North Korean 'hacker army' targets MMOs

    South Korean police have reportedly outed a ring of gold farmers dispatched from North Korea.

    9 years ago
  • Thursday Shorts II: Nintendownloads, Zelda concert, Pokemon, more

    Just because the headline is Nintendo-centric, doesn’t mean the entire post is riddled with nothing else. There’s plenty more below the break. Trust us.

    10 years ago
  • Gold farming not banned in China after all

    Looks like gold farming hasn’t been banned in China after all.According to ICTs for Development, it’s Paypal-type currencies that received the restriction.“This is a government restriction on the use of the quasi-Paypal-like currencies (mainly QQ coins) that are used extensively in China to pay for virtual game stuff,” stated the University of Manchester’s Richard Heeks. […]

    12 years ago
  • China officially bans gold farming

    China’s government has officially banned gold farming.According to InformationWeek, the ruling will affect “more than 300 million Internet users in China,” theoretically stemming a trade worth nearly $150 million per year.According to a 2008 survey by the University of Manchester’s Richard Heeks, between 80 and 85 percent of gold farmers are based in China.Thanks, 1UP.

    12 years ago
  • Gold farming site sells for $10 million

    We’re clearly in the wrong business. Gold farming site has sold to private equity firm My MMO Inc. for a cool $10 million, according to this Kotaku report.“ appealed to us because of its strong reputation for providing optimal customer service,” says Hunter Crowell, My MMO Inc.’s PR chap. “That focus will continue with […]

    12 years ago
  • Accept gold farming as it will never go away, says RedBedlam boss

    RedBedlam founder Kerry Fraser-Robinson has told GI the industry should just accept gold farming in MMOs, as it’s going to be around whether we like it or not.“It’s going to happen whether you like it or not,” he said. “People will always find the path of least resistance, if you stop them buying your gold […]

    12 years ago
  • Global gold farming employs 500,000 people

    According to this BBC piece, Manchester University research has shown that the global gold farming industry now employs 500,000 people and is worth $500 million.“When you get people with more money than time and time than money the two will find a way to meet,” said Steven Davis, chief of game security firm Secure Play.Apparently […]

    12 years ago