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Facing Regulatory Heat, GREE Apologizes, Issues Refunds After Over-Charging Minors

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http://techcrunch.com – About a year after it faced regulatory scrutiny for certain kinds of game mechanics, GREE said today that it accidentally overcharged minors in some of its free-to-play games. The Japanese gaming company, which has a market cap of $3.8 billion, said it charged several hundred minors more than the legal limit of 5,000 yen per month for players under 15 years of age and 10,000 yen per month for players between 16 and 19. The amount is pretty negligible — about 733 people were affected and the total amount was 28 million yen or about $322,000. Still, the incident shows how sensitive the com (IT news)