Korea's antitrust regulator will assess the state of the e-commerce industry as Chinese platforms stifle competition with low prices.
Korea's FTC tightened regulations on overseas e-commerce giants like AliExpress and Amazon, requiring them to designate a local representative and dedicated channels for customer complaints.
Korea's antitrust watchdog is moving to penalize Meta Platforms for alleged failures to protect local consumers on Facebook and Instagram marketplaces such as counterfeit sales.
Korea’s antitrust regulator is considering making music streaming sites subject to its upcoming antitrust regulation, the head of the agency said during an event hosted by the American Chamber of Commerce in Korea (Amcham).
The Fair Trade Commission will seek to impose regulations in March that require game companies to provide more information and support.
The Fair Trade Commission on Thursday reiterated its determination to regulate digital platforms after its bill to promote fair online competition ran into strong protests from industry players and academics.
Korea's antitrust regulator slapped an 11.6 billion won ($8.9 million) fine on Nexon, the country's largest video game developer and distributor by sales, for misleading its users to purchase in-game items with false information.
The antitrust regulator announced on Tuesday that it will introduce the bill after discussions with related government agencies, without further details on the target or penalties of the regulation.
Korea's antitrust regulator is developing guidelines to determine a company's chief, including foreign nationals, in order to regulate corporate practices and anticompetitive activities.
Watcha, a Seoul-based streaming service provider, has filed a complaint accusing LG Uplus of stealing its technology, including content recommendation algorithms and platform service management data.
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