Terms of Service

· Company name: PUNKVISM HOLDINGS Co., Ltd.

· Service (brand) name: rareon (Rare-On)

· Representative: HWANG HYUN KI

· Business registration number: 476-81-03969

· Online sales business registration number: No. 2026-Seoul Seocho-0257 (Jan 15, 2026, Seocho-gu Office)

· Business address: 6F #614, BNK Digital Tower, 398 Seocho-daero, Seocho-gu, Seoul 06619, Republic of Korea

· Customer Center: +82-507-1450-8930

· Email: help@rare-on.com

· Privacy Officer: KIM JAEMIN (CLO) / +82-507-1450-8930 / kevin_clo@punkvism.io

· Hosting service provider: Amazon Web Services (AWS)

· Payment and settlement: KOVAN

· Revision date / Effective date: 2026-09-23 / 2026-09-28

① "Service" means all services that support the sale, inspection, storage and delivery of goods related to legendary athletes, sports trading cards, the Company's own-brand trading cards and the like (the "Products") through websites and applications operated by the Company.

② "User" means a member or non-member who accesses the Service and uses the services provided by the Company under these Terms.

③ "Seller" means a User who registers Products in their possession for sale through the Service, and "Buyer" means a User who wishes to purchase Products.

④ "Online marketplace intermediation" means the Company's act of brokering distance selling of Products between the parties to a transaction (Article 2(4) of the Act on the Consumer Protection in Electronic Commerce, Etc. (the "E-Commerce Act")), and "intermediation client" means a Seller who has requested such intermediation from the Company.

⑤ "Inspection" means the procedure by which the Company verifies, in accordance with the standards and procedures it has established, whether a Product dispatched by a Seller is genuine, its condition, and whether its components match the description.

⑥ "Direct sale (B2C)" means a transaction in which the Company acquires title to a Product and sells it to a User.

⑦ "Penalty" means a sanction imposed by the Company (restriction of use, liquidated damages, claim for damages, etc.) where a User breaches these Terms or related policies.

⑧ "Purchase confirmation" means the point at which payment under the purchase agreement becomes final and the right of withdrawal is extinguished. For a random box, this is the time of opening under Article 10(4); for other Products, it is the time at which the withdrawal period expires counting from the date of receipt of the Product.

⑨ "Digital collection" means a collectible in digital form (electronic files such as images and videos, and the right to use them) that the Company issues and sells under a licence from the intellectual property holder, as distinguished from a physical Product. Purchase, use, withdrawal of subscription and conditions for bundled sale with physical Products follow these Terms and the individual notice for each Product.

⑩ "Overseas User" means a User who resides in a country or region outside the Republic of Korea and uses the Service. These Terms also apply to transactions made through Service screens that the Company provides in English or another foreign language.

① The Company shall post these Terms on the initial screen of the Service or on a linked screen so that Users can easily become aware of them. In doing so, the Company shall display separately the Terms currently in force and any amended Terms scheduled to take effect, and shall state the effective date of each.

② The Company shall operate a notice page within the Service at all times, and shall announce the establishment and amendment of these Terms and of the Privacy Policy, the Cancellation and Refund Policy and the Shipping Policy through that notice page and the initial screen of the Service (or a linked screen).

③ The Company may amend these Terms to the extent that it does not violate related statutes such as the Act on the Regulation of Terms and Conditions and the E-Commerce Act. When amending, the Company shall specify the effective date, the reasons for the amendment and the content before and after the change, and shall give notice under paragraph (2) at least 7 days before the effective date (30 days before, in the case of a change that is unfavourable to Users or material).

④ When giving notice under paragraph (3), the Company shall also inform Users that they may terminate the service agreement if they do not agree to the amended Terms, and that a User who does not express refusal between the notice and the effective date of the amended Terms shall be deemed to have agreed to them. A User who does not agree to the amended Terms may terminate the service agreement.

⑤ The Company shall disclose the amendment history of the Terms (version, effective date and principal changes) at the foot of the Terms, and shall make the full text of previous versions available for Users to view.

① The Company is an online marketplace intermediary that provides the Service so that sales of Products such as sports goods and trading cards may take place between Users (C2C); for Products to which the Company itself acquires title and sells (B2C), the Company also holds the status of a distance seller.

② As an online marketplace intermediary, the Company shall indicate, so that Users can easily become aware of it, that it is not a party to the distance sale (Article 20(1) of the E-Commerce Act).

③ The parties to a C2C transaction are the Buyer and the Seller, and the Company is in principle not liable for that transaction. However, the Company shall bear liability under the relevant statutes (Article 20-2 of the E-Commerce Act) where it failed to give the above notice, where damage is caused to a User by the Company's intent or negligence, and within the scope of the inspection and storage services that the Company has expressly guaranteed.

④ Where the Company, in intermediating a transaction at the request of an intermediation client (Seller), has agreed that the Seller shall bear responsibility and has notified Users of this in advance, the Seller shall bear that responsibility.

⑤ For the safety of transactions between Users, the Company provides measures such as identity verification of Sellers, inspection of Products, verification of the authentication means designated by the Company, monitoring for fraudulent transactions, and a purchase-confirmation-based safe transaction procedure under which sales proceeds are settled after inspection is completed. However, those measures are provided only within the scope of the standards and methods disclosed in advance by the Company; they do not guarantee the identity or performance of a counterparty or the final outcome of a transaction, and the Company is not subject to the obligations of payment escrow or consumer damage compensation insurance under Article 24 of the E-Commerce Act (see Article 9(3)). Users must transact through the Company's platform and the transaction procedures provided by the Company, and the Company is not liable for damage arising from external transactions (such as direct dealings) that do not go through the procedures provided by the Company. The Company may, in respect of a User for whom fraud, forgery, identity theft or other misconduct is confirmed or reasonably suspected, take measures such as restriction of use of the Service, cancellation or suspension of transactions, penalties, suspension of settlement, reporting to investigative authorities and claims for damages (including indemnity).

① The service agreement is formed when a User agrees to these Terms, applies for membership in the form prescribed by the Company, and the Company accepts that application.

② A child under 14 years of age may not register as a member without the consent of a legal representative, and the procedure for verifying such consent follows the Privacy Policy (Article 22-2 of the Personal Information Protection Act).

③ For random boxes that may be mistaken for speculative products (card packs, physical-prize random boxes and the like), the Company maintains an age verification procedure for the protection of young people, and a person under 19 years of age may not purchase such Products. The Company verifies the age of a User before payment and restricts payment where the age cannot be verified or is confirmed to be under 19.

④ Where a User purchases a Product under paragraph (3) by misrepresenting their age, the Company may cancel the transaction and restrict use of the Service, and shall refund any unopened Product. However, the exercise of the right of cancellation by a minor or their legal representative under Article 5(2) of the Civil Act is governed by the relevant statutes.

⑤ Paragraph (3) applies only to random boxes; a User's use of the Service in respect of other Products is not restricted.

① As a matter of principle, "legendary athlete goods" and "athlete trading cards" that the Company sells directly (B2C) or displays on the Service are limited to Products for which a formal licence (permission to use portrait and name, trademark licence, permission to use copyrighted works, etc.) has been obtained from the rights holder, such as the athlete concerned, their club, league or agency, or the copyright owner.

② Where the identification marks of a specific person, such as their portrait, name or signature, are used on the Company's own-brand trading cards, prior consent (a licence agreement) must be obtained from that person or the proper rights holder in accordance with subparagraph 1(t) of Article 2 of the Unfair Competition Prevention and Trade Secret Protection Act (prohibition of unauthorised use of the personal identification marks of a well-known person, such as portrait and name; in force since June 8, 2022) and related case law. A breach may give rise to legal liability including corrective orders, injunctions and damages.

③ A Seller must not sell counterfeit goods, unauthorised reproductions or unofficially licensed products, and shall bear the penalties under Article 11 and liability for damages in the event of a breach.

④ The Company shall display information on the origin of Products, such as licence status and the official issuer, on the Product detail page so that Users can verify it.

① A purchase agreement is formed by the Seller's registration of the Product for sale and the Buyer's confirmation of purchase (payment).

② A Seller in a C2C transaction must dispatch the Product to the inspection centre designated by the Company within the period set by the Company after the transaction is concluded (for example, 48 hours on a business-day basis).

③ The Company inspects whether the Product is genuine, its actual condition and whether its components match, in accordance with the inspection standards and procedures disclosed in advance, and records and notifies the inspection result within the Service so that Users can verify it.

④ Only Products that pass inspection are delivered to the Buyer; the handling of Products that fail follows Article 6 of the Cancellation and Refund Policy.

⑤ The Company shall provide a procedure (such as an application for re-inspection) by which a User may object to an inspection result.

⑥ Inspection is carried out within the scope of the standards and methods disclosed in advance by the Company and has physical and technical limits, such as visual inspection and verification of authentication means. Passing inspection does not absolutely guarantee the absence of all defects or of any possibility of forgery, and the Company's authenticity guarantee is subject to the scope set out in Article 8-2.

① Only for Products to which the Company has assigned an authenticity verification means (the authentication means designated by the Company; "Authentication") when first selling them ("Authenticated Products"), the Company guarantees that the Product is a genuine article issued and authenticated by the Company.

② The Company's authenticity guarantee applies only where the Authentication has not been damaged, duplicated or altered and is verified normally in the Company's system, and does not extend to the following:

a. Products not first authenticated by the Company

b. Products with no authentication means, or with an authentication means that has been damaged, duplicated or altered

c. Products traded externally without going through the Company's platform and the authentication verification procedure provided by the Company

③ In the case of resale between Users (C2C) as well, the Company's guarantee is limited to whether the Product is a genuine article first authenticated by the Company, and does not extend to the identity of the counterparty, payment, performance of delivery, the truthfulness of the Product's condition or description, or misconduct such as fraud.

④ The Company may provide a re-verification procedure for Authentication when a resold Product is received, in which case the Company's verification responsibility is limited to confirming that the authentication information matches the Company's records at the time of verification.

⑤ Where an Authenticated Product first authenticated by the Company turns out not to be genuine due to the Company's intent or gross negligence despite having passed the Company's authentication verification, the Company shall carry out a refund or other compensation procedure for the Buyer in accordance with the Cancellation and Refund Policy. In such a case, the Company's compensation liability is limited to the amount actually paid by the User for that Product.

① For pre-order, made-to-order limited edition goods sold by the Company (including sell-out-first types), the criteria for placing a factory order (commencement of production) and the timing of supply (delivery) may differ for each Product according to the contract terms with each intellectual property rights holder (IP partner). The order criteria may be set, for example, as the point at which a certain proportion of the sales target quantity is reached (for example 30%, 50% or 100% (sell-out)).

② The specific order criteria, expected production and supply (delivery) timing, whether withdrawal of subscription is possible and other individual transaction terms for each Product are clearly displayed on the Product detail page and the payment (purchase) screen. The purchase agreement is formed on those terms when the User confirms and consents to the individual transaction terms for that Product (by checkbox) at the "Purchase" step.

③ Transaction terms displayed on an individual Product screen under paragraph (2) and consented to by the User shall, where they differ from the general provisions of these Terms, the Cancellation and Refund Policy or the Shipping Policy, prevail for that Product transaction only. However, content that violates the relevant statutes or is unfairly disadvantageous to Users has no effect.

④ Under the proviso to Article 15(1) of the E-Commerce Act, the Company makes an individual agreement with the User as to the time of supply of the goods as set out above. Where production or supply is cancelled because the sales target quantity is not met or for a similar reason, the Company shall notify the reason without delay and refund the full amount already paid.

⑤ Cancellation and withdrawal of subscription for pre-order, made-to-order Products are as follows:

a. Before production commences (before the order criteria set for that Product are met), a User may cancel the purchase for any reason and the Company shall refund the full payment.

b. After production commences, withdrawal of subscription is restricted under Article 17(2)3 of the E-Commerce Act. The Company shall clearly display on the Product detail page and the payment screen that the Product is individually produced to the User's order and that withdrawal is restricted after production commences, and shall obtain the User's separate consent to this.

c. The Company shall display whether production has commenced for each Product and the expected commencement date so that Users can check within the Service.

d. Even after production has commenced, where a Product is defective or differs from what was displayed or advertised, the Cancellation and Refund Policy shall apply.

① Of the amounts paid by a Buyer, the Company shall pay the settlement amount attributable to the Seller within the period set by the Company (for example, 7 business days) from the date of completion of inspection and purchase confirmation (such as expiry of the withdrawal period).

② The Company manages unsettled sales proceeds from intermediated (C2C) transactions between Users through the settlement fund management system of the payment gateway (PG) provider and the like, so that they are not commingled with the Company's own assets, and settles them with the Seller upon completion of inspection and purchase confirmation. However, amounts prepaid for pre-order, made-to-order (sell-out-first) Products are used for the production, ordering and other business performance of that Product, in which case consumer protection follows paragraph (3).

③ The Company supports payment by credit card (linked to a PG provider) only, and does not support cash-equivalent payment methods such as bank transfer or deposit without a bankbook. Credit card payment is excluded from the obligation of payment escrow or a consumer damage compensation insurance contract under Article 24 of the E-Commerce Act, and where non-delivery or non-refund occurs, consumers are protected through means such as cancellation of payment (chargeback) by the credit card company.

④ For pre-order, made-to-order (sell-out-first) Products, where the Company fails to supply the goods within the expected supply (delivery) period notified on the Product detail page, the User may rescind the contract, and the Company shall refund the amount already received within 3 business days from the date it receives the declaration of rescission.

Article 9-2 (Brokerage Commission)

① The Company may charge a brokerage commission in consideration of intermediating transactions between Users (C2C) and providing related services such as inspection, storage and settlement.

② The rate of the brokerage commission, the party bearing it, the basis of calculation, the time of charging and whether value-added tax is included shall be determined by the Company and notified in advance within the Service, and the Company shall charge the brokerage commission only in accordance with what has been notified.

③ Where the Company newly introduces a brokerage commission or changes it unfavourably to Users, such as by raising the rate, the Company shall give notice under Article 3(2) at least 30 days before the effective date. In that case, a User may complete or cancel a transaction in progress before the change takes effect, and may terminate the service agreement if they do not agree to the change.

④ The brokerage commission shall in principle be borne by the Seller, and when paying the settlement amount to the Seller the Company shall deduct the brokerage commission and the value-added tax thereon in advance. Where a separate commission borne by the Buyer is established, the Company shall display it together with the Product price on the purchase screen so that the User can know the total payment amount in advance, and shall not disclose it sequentially at the final payment step (see Article 12(2)).

⑤ Where a transaction is cancelled after being concluded, a brokerage commission already charged shall in principle not be refunded. However, it shall be refunded in any of the following cases:

a. Where the transaction is cancelled for reasons attributable to the Company

b. Where the Company has notified in advance of another ground for refund

⑥ The Company shall make the details of the deduction of the brokerage commission and value-added tax available for Users to check within the Service.

① The Company may operate a referral point programme under which, where a new member (a "referee") invited by a member (a "referrer") using a referral code or referral link completes a first purchase and that purchase is confirmed, 5,000P (points) are granted to the referrer; 5,000P may also be granted to the referee as a new sign-up benefit.

② The referral reward is granted only in respect of a referee directly referred by the referrer (first tier). No points whatsoever are granted to the referrer in respect of results arising at any lower tier where the referee in turn refers a third party. The Company does not operate a structure in which rewards are linked across two or more tiers.

③ Referrer points are granted within 24 hours after the referee's first purchase is confirmed under Article 2(8). Where the referee's first purchase is cancelled, returned or refunded before purchase confirmation, the points are not granted; where this occurs after they have been granted, the Company shall recover the granted points. However, points already used are not recovered but may be set off against points to be granted subsequently, and the Company shall notify the User of the reason and the details.

④ There is no limit on the number of referrals. However, where improper use is confirmed or suspected — such as creation of multiple accounts by the same person, use of another person's personal information or identity, referrals and purchases between one's own accounts, or repeated purchase and refund — the Company may cancel or recover the grant of points and restrict use.

⑤ Conditions of use: points are used to reduce the payment amount when purchasing Rare-On Products, and may be applied up to a maximum of 80% of the sale price per order. Points may be used once a balance of 1,000P or more is held, may not be used for incidental costs such as delivery fees or payment charges, and combined use with other coupons or promotions may be restricted.

⑥ Validity period: referrer points are valid for 1 year from the date of grant and referee points for 30 days from the date of grant; points whose validity period has expired lapse automatically. The Company shall notify Users of the impending lapse by no later than 7 days before expiry.

⑦ The restrictions on cash refund and transfer to another person of referral points are as set out in Article 10-4. Where an order in which a User used points is cancelled or returned, the Company shall restore the used points to the User's account; where only part of the order is cancelled or returned, the points shall be restored pro rata to the cancelled amount. The validity period of restored points shall be the remaining part of the original validity period; where the remaining period is less than 7 days or has already expired, it shall be 7 days from the date of restoration.

⑧ Existing members and members who rejoin after withdrawal are excluded from the new sign-up benefit, and a referral code may not be changed or applied retroactively after membership registration is completed.

⑨ Points under this programme are a benefit provided free of charge, and the Company shall not display or advertise them using expressions that cause them to be mistaken for a monetary benefit, such as "income", "refund of savings" or "investment".

① The Company may allow a winner of a physical-prize random box to choose between receiving the physical prize and receiving it converted into Rare-On points in accordance with the conversion standards set by the Company. In that case, the Company shall display the following in advance on the Product detail page and the payment screen:

a. The distinction between prizes that may be converted into points and prizes that may not

b. The conversion standard for each prize (the conversion value and the method of calculating it)

c. What the winner bears in the case of receipt of the physical item and in the case of conversion into points, respectively

② Conversion into points is made only by the winner's own choice and consent, and the Company shall not substitute the grant of points for the delivery of a physical prize against the winner's will.

③ The following prizes are excluded from conversion into points because an objective market value is difficult to calculate or they are irreplaceable, and the Company shall state this on the Product detail page:

a. Unique items or their equivalents, such as Products bearing a handwritten signature

b. Other prizes that the Company has indicated in advance as excluded from conversion

④ Where a winner chooses conversion into points, the Company shall grant points calculated in accordance with the conversion standard under paragraph (1)(b). In that case, the per-order usage limit under Article 10-2(5) and the validity period under Article 10-2(6) shall not apply to those points. However, where the Company sets separate conditions of use or a validity period, it shall clearly disclose them before the winner chooses conversion.

⑤ The bearing of taxes and public charges arising according to the method of receipt of a prize follows the relevant statutes, and the Company shall disclose the content of the tax burden and whether tax is withheld for each method of receipt before the winner chooses conversion. The Company does not definitively guarantee that no tax burden will arise in respect of a particular method of receipt; where a tax burden arises under the interpretation of the relevant statutes or a disposition of the tax authorities, it shall be handled in accordance with the standards disclosed in advance.

⑥ The restrictions on cash refund and transfer to another person of points granted upon conversion ("prize conversion points") are as set out in Article 10-4.

⑦ Points granted upon conversion may not be used to purchase random box Products, but may be used to purchase other Products. The Company imposes this restriction in order to prevent the conversion of prizes into points from cycling into repeated purchases of random boxes, thereby encouraging a speculative mindset or being mistaken for a cash-conversion structure.

⑧ The Company shall not make the procedure for receiving a physical prize unreasonably difficult, or provide insufficient information about receiving the physical item, for the purpose of inducing conversion into points. The Company's obligation to actually procure and secure the physical prizes displayed in advertisements (Article 10(6)(d)) is maintained irrespective of the operation of the point conversion programme.

① Rare-On points granted by the Company are classified as follows according to the reason for the grant:

a. Referral points: points granted under Article 10-2

b. Prize points: points granted to a winner where the prize of a random box itself consists of points

c. Prize conversion points: points granted in lieu of receipt of a physical prize under Article 10-3

d. Resale settlement points: points received in consideration for selling a Product in the resale market provided by the Company

② None of the points under the subparagraphs of paragraph (1) are refundable in cash.

③ Transfer of points to another person (including gifting; the same applies below) is as follows:

a. Prize points: may be transferred to another person in accordance with the procedures and limits set by the Company.

b. Referral points, prize conversion points and resale settlement points: may not be transferred to another person.

④ Notwithstanding paragraph (3)(b), the transfer of points in consideration for a Product transaction in the resale market provided by the Company, in accordance with the procedures set by the Company, shall not be regarded as a transfer under this Article.

⑤ In order to prevent improper acquisition of points and use for the purpose of cash conversion, the Company may set, for transferable points, per-transaction and per-period transfer limits, the scope of permitted transferees, the conditions of use after transfer and whether the validity period is carried over, and shall disclose these in advance.

⑥ The Company may restrict the transfer of points, or cancel a transfer already made and recover the points, in any of the following cases. In that case, the Company shall give prior notice and an opportunity to explain:

a. Where the same person concentrates points using multiple accounts

b. Where a transaction amounting in substance to cash conversion is confirmed or reasonably suspected, such as receiving money or other property benefit in consideration for points

c. Where another person's personal information or identity is used

⑦ The Company shall preserve the history of issuance, use, transfer and lapse of points.

⑧ Where the Company terminates all or part of the Service, it shall give notice a reasonable period before the termination date and shall also disclose the standards for handling unused points.

① "Resale market" means the user-to-user (C2C) service provided by the Company enabling a member to sell to another member a Product that the member purchased from the Company and holds.

② In the resale market the Company holds the status of an online marketplace intermediary and the parties to the transaction are the selling member and the purchasing member. The Company shall indicate on the resale market screen, so that Users can easily become aware of it, that it is not a party to the distance sale (Article 20(1) of the E-Commerce Act).

③ Where a selling member is not a business operator, the Company shall verify the matters prescribed by the relevant statutes, such as their name and telephone number, and provide them to the purchasing member before an offer is made (Article 20(2) of the E-Commerce Act). The selling member must provide accurate information to the Company for this purpose, and where the Company cannot verify that information it may restrict the sale registration.

④ A transaction in the resale market is formed when, in respect of a selling member's sale registration and a purchasing member's purchase application, the matching criteria disclosed in advance by the Company (such as agreement of price and order of registration) are satisfied. The Company shall display the matching criteria on the resale market screen.

⑤ Amounts or points deposited by a purchasing member for a transaction are held until the transaction is matched, and where the transaction is not formed or is cancelled they shall be returned in accordance with the procedure disclosed in advance by the Company.

⑥ Products that may be traded in the resale market are limited to Products issued or sold by the Company, and the Company shall determine and disclose in advance the scope of tradable Products.

⑦ A selling member must register only Products that they lawfully hold, and disposal of a Product under registration — such as opening, transfer or a delivery request — is restricted.

⑧ Brokerage commissions relating to resale market transactions are as set out in Article 9-2.

⑨ The Company may operate the resale market on a trial basis (beta, alpha, etc.), in which case it shall clearly indicate on the Service screen that it is under trial operation and that functions may be limited. However, even where the Service is suspended or functions are limited during trial operation, the Company is not relieved of its responsibility for performing transactions already concluded, for returning deposited amounts and points, or for damage caused by the Company's intent or negligence.

⑩ Where fraudulent transactions, price manipulation, wash trading using multiple accounts of the same person or the like is confirmed or reasonably suspected, the Company may cancel or suspend the transaction concerned and restrict use of the Service. In that case, the Company shall give prior notice and an opportunity to explain.

① For a giveaway additionally provided by the Company to a User who satisfies certain conditions such as purchase quantity or amount (a "sales-promotion giveaway"), the Company shall clearly display on the event screen the conditions of provision, the type, quantity, period, method of delivery and timing.

② Where the type of a sales-promotion giveaway is determined at random, the Company shall also display the candidate types and the probability of each type being granted (or the quantity ratio), and Article 10(3) and Article 10(7) shall apply mutatis mutandis.

③ Where a sales-promotion giveaway is limited in quantity, the Company shall display that quantity and the fact that it ends when exhausted in advance; where the quantity is exhausted after a User has satisfied the conditions, the Company shall provide a substitute giveaway of equivalent value or notify the User of that fact immediately.

④ Where the value of a sales-promotion giveaway exceeds the taxation threshold under the relevant statutes, Article 10(6)(e) shall apply mutatis mutandis and the party bearing taxes and public charges shall be disclosed in advance.

⑤ Where the Company announces an event relating to a Product for which sales have not yet commenced, it shall also display the expected date of commencement of sales and the reference point for satisfying the conditions, and shall not charge Users any amount before sales commence.

⑥ Where the name, portrait or the like of a specific person is used in a sales-promotion giveaway, the Company shall lawfully secure the rights necessary for that use (see Article 7).

① A User must not engage in any of the following conduct:

a. Sale or registration of counterfeit goods or unauthorised licensed products

b. Registration of false listings or manipulation of prices

c. Refusal or delay of dispatch, or repudiation of a transaction, without justifiable reason after a transaction has been concluded

d. Misappropriation of another person's personal information or identity

e. Fraudulent transactions exploiting inspection results or system vulnerabilities

f. Displaying or advertising, or registering or selling Products containing, expressions that encourage a speculative mindset or evoke illegal acts, such as "jackpot", "daebak", "life-changing win" or "card-kkang"

② In the event of a breach of paragraph (1), the Company may take measures such as a warning, restriction of use of the Service, cancellation of the transaction, imposition of a penalty (liquidated damages), suspension of membership and reporting to the relevant authorities. The detailed standards for penalties (amount, procedure for imposition and method of objection) shall be announced in a separate policy.

③ Because a penalty is a disposition unfavourable to the User, the Company shall give prior notice and an opportunity to explain.

In accordance with Article 21-2 of the E-Commerce Act (in force since February 14, 2025) and related guidelines, the Company shall not engage in any of the following online dark pattern practices:

1. Automatic renewal of a paid service without the User's express consent (hidden renewal)

2. Price display in which mandatory costs are disclosed sequentially at the final payment step (drip pricing)

3. Pre-selection by default of paid options or products

4. Design with a false hierarchy, such as visually emphasising the option that is unfavourable to the User

5. Procedural design that makes withdrawal of membership, withdrawal of subscription or cancellation of a recurring payment unreasonably difficult

6. Repeated notifications or pop-ups intended to induce a particular action (nagging)

① The Company is relieved of liability where it is unable to provide the Service due to force majeure such as a natural disaster, war or communications failure.

② The Company is under no obligation to intervene in a dispute arising between Users, or between a User and a third party, through the medium of the Service, and is not liable to compensate for damage arising therefrom. This does not apply where there is intent or gross negligence on the part of the Company, or where the relevant statutes provide for the Company's liability.

③ The Company is not responsible for the reliability or accuracy of information, materials or facts posted on the Service by Users.

① Disputes between the Company and a User shall be governed by the laws of the Republic of Korea, and the Company shall establish and operate a damage compensation handling body in order to deal promptly with user damage.

② An electronic commerce dispute between the Company and a User may be referred for mediation to the Electronic Commerce Dispute Mediation Committee, the Korea Consumer Agency or a similar body.

③ Any lawsuit arising between the Company and a User shall be filed with the court having jurisdiction under the Civil Procedure Act.

④ The laws of the Republic of Korea also govern transactions with Overseas Users. Overseas delivery, customs duties and clearance, and withdrawal of subscription and refunds for overseas transactions, are governed by the overseas transaction provisions of the Shipping Policy and the Cancellation and Refund Policy. Where a foreign-language translation provided by the Company differs from the Korean-language Terms, the Korean-language Terms shall prevail.