The selloff followed the Union Cabinet’s approval of the Online Gaming Bill, 2025, which is set to be introduced in Parliament. The proposed legislation aims to regulate gaming platforms offering monetary rewards, citing risks related to mental health, money laundering, and fraud.
Global Market: South Korea’s Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans