Google translate mangles the text directly below that image. An alternate machine translation for the paragraph: "Fake products, but it is not an official license of domestic small and medium-sized companies, which mega drive Korean version mega-CD and other extensions of all Deleted and its own built-in games no " Seems it might well be unofficial. EDIT: And another one: "Being only fake mega drive Korea which with the formal license which is not sold from the domestic small and medium enterprise the mega - CD etc. expanded functions sell all, there is not also oneself internal organs game to be eliminated"
The styling reminds me somewhat of the PC Engine, actually. Wonder if some pirate somewhere got confused? =P
If it IS a pirate (and the more official models I find, the more convinced I am it probably is), I find it so strange that they'd use so much effort in making it look official.
As am I, actually - the reason a lot of pirates didn't was because the penalties for infringing on logos and etc was often higher than pirating the actual product and selling as counterfeit goods =P