It’s a game called ‘Full Body Demon’.
Ghost Chaser is a game where a special police officer takes down a criminal organization.
What’s really interesting about this game is that it was made in Japan.
Almost all income tests, etc. were done in Korea.
So most of those boards were in Korea.
The game is clearly different from Belt Scroll that came out at the same time.
It can be seen as a special command input and energy to perform special moves or skills.
A game with the title Guardians 2 came out later.
In fact, it is a sequel to this game.
From the looks of it, it looks like the 2nd version was released with a completely changed appearance due to copyright issues.