"Unpaid royalties for Mir 2 alone amount to hundreds of billions" Wemade targets Chinese game companies

Wemade has come forward to publicize the fact that Chinese game companies are not paying royalties related to the 'Legend of Mir 2' IP. The unpaid royalty revenue amounts to hundreds of billions of won.



On the 14th, Wemade (CEO Park Gwan-ho) held a meeting to explain in detail the current status of the dispute surrounding the IP of the Legend of Mir 2. The Legend of Mir 2 is an online game IP jointly copyrighted by Wemade and Actozsoft, and is popular in both Korea and China.



Wemade's core IP, 'Legend of Mir 2'. [Photo = Wemade]



The company stated that Zhejiang Huanyou's 'Namyue Chronicles (in service)', Jiuling's 'Yongseong Jeonjia (service terminated)', and 'Jeongi Lai Liao (game name presumed to have changed)' are not paying royalties and compensation to Wemade. These companies are all under the parent company of Shanghai Kingnet in China, and Wemade explains that Shanghai Kingnet is not paying royalties by hiding the assets of its subsidiaries and other methods.



Nanyue Electric is a game that Wemade is currently servicing after signing an IP licensing agreement with Chinese company Zhejiang Huanyou for The Legend of Mir 2 in October 2016. Zhejiang Huanyou has not paid any of the royalties that should have been paid according to the licensing agreement, so Wemade filed for arbitration in February 2017 to the International Court of Arbitration (ICC) of the International Chamber of Commerce in Singapore to claim payment of unpaid royalties. In May 2019, the ICC accepted Wemade's claim and ordered Wemade to pay 96 billion won in damages.



Based on the ICC's ruling, Wemade received a compulsory execution order from a Chinese court, but the execution was suspended due to insufficient assets under Zhejiang Huanyou's name. Wemade claims that all of Nanyue Electric's sales profits were leaked out of the company. In response, the company held Shanghai Kingnet, the parent company of Zhejiang Huanyou, liable for joint and several damages and won the case in the Chinese court, but explained that it has not received royalties to this day due to Shanghai Kingnet's obstruction of execution.



In the case of Yongseongjeonga, it is a game developed under a licensing agreement with Chinese company Jiuling in November 2017. Jiuling also did not pay part of the minimum guarantee and royalties that were required to be paid according to the contract. Wemade applied for arbitration against Jiuling at the Korean Commercial Arbitration Board in October 2018 and was ordered to pay 340 billion won in damages. Based on the ruling, the company also received a compulsory execution order from a Chinese court in May 2023.



However, just like in the case of Nanyue Electric, Yongseongjeonga also failed to collect any royalties due to insufficient assets under Jiuling's name. Wemade pointed out that "Shanghai Kingnet, Jiuling's parent company, has been caught trying to evade execution by transferring or hiding Jiuling's assets in advance."



Electric Raeryo is a game that was serviced under a licensing agreement with Jiuling in July 2017. This game also did not pay royalties, so Wemade applied for arbitration against Jiuling at the International Court of Arbitration in June 2018 to claim unpaid royalties and won a judgment ordering 100 billion won in damages, but the payment has not been made to this day.



Wemade stated, "We are taking issue with the business attitude of the Chinese game company that refuses to pay royalties until the end despite receiving a ruling from an international court and, based on that ruling, even receiving enforcement decisions from Korean and Chinese courts."



Meanwhile, Wemade is also in a dispute with Actozsoft and Actoz's parent company, Shengqu Games in China. Around 2016, Wemade discovered that Shengqu Games (formerly Shanda Games) had used the Legend of Mir 2 IP license without permission and requested arbitration from the International Chamber of Commerce (ICC) in Singapore.



The ICC ordered the payment of approximately 300 billion won in damages in June 2023, and the Seoul Central District Court issued a first-instance ruling permitting enforcement in August 2024. In February 2025, it also applied to a Chinese court for recognition of the arbitration award and enforcement against Shengqu Games. Wemade said, "We expect the Chinese court to make a decision that is in line with international trust, just like the fair and consistent judgments shown by the Korean court."



However, Shengqu Games is showing a different temperature from Shanghai Kingnet by establishing a partnership by formally signing a Chinese licensing agreement for The Legend of Mir 2 and 3 with Wemade in 2023.





https://www.inews24.com/view/blogger/1834139

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