“Sellers who do between 6 and 12 million won ($6,500 - Tom Ivan3,000) /half year in business will have VAT auto applied by transaction's middle-man.

“Sellers who do more than 12 million won/half year in business will need a business license and will pay the tax by themselves.”

An NTS official claims the organization will be able to monitor all transactions as RTM mediators have agreed to share clients’ transaction details with the authorities.

“NTS would be able to track all transactions for taxation of virtual items,” Mr. Choi said.

“This is not about defining RMT legal/illegal; we don’t see any contradictory facts to Amendment for Game Industry Promoting Law - we are not about to judge if RMT is legal or not,” he added.

Who exactly will be accountable for paying taxation is still in doubt however as, according to the report, the terms of services of many online games stipulate that in-game items and currency traded for real money belong to the developers and not gamers. The industry’s stance on the issue is so far unclear.