"Microsoft has warned the people who try to spread the knowledge that they will be subjected to the law. The users of pirated consoles will not benefit from the hardware warranty and they will not be able to download important software upgrades through the Xbox Live network. So we don't think many people will try it," he said
However, local magazines are reporting that most people are purchasing modified versions of the Xbox 360 console to be able to purchase cheaper games. The price of a modified console is approximately KRW 70,000 (60 Euro) more. Pirates software for the console can then be bought and used for a low as KRW 15,000 (12 Euro), compared to the retail price of around KRW 40,000 (33 Euro).
Source:
GamesIndustry.biz