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Severe Sanctions Imposed for Abuse of Monopoly Power by Kakao Mobility(2024.10.2) Kakao Mobility demanded partnership agreements from competing taxi franchise operators to provide real-time business secrets, such as taxi operation information. Refusal to comply resulted in Kakao blocking those operators’ drivers from receiving calls on the KakaoT platform. A fine of 72.4 billion won (tentative) has been imposed, and Kakao Mobility has been referred to the prosecution.The Kore.. 2024. 10. 15.
5th Meeting of the Delivery Platform-Merchant Win-Win Cooperation Council Held(2024.9.24) Payment fees across all companies are found to be similar, ranging from 1.5% to 3.0%.Discussions held on measures to enhance transparency regarding fees and advertising costs, sharing customer information and order data, and providing participation incentives.The 5th meeting of the Delivery Platform-Merchant Win-Win Cooperation Council (hereinafter referred to as the “Council”) was held on Tuesd.. 2024. 10. 4.
Nexon Collective Dispute Mediation Reaches Record Compensation Amount(2024.9.22) Compensation applications can be made on Nexon Korea's website starting from September 23 -Acceptance of compensation recommendation for all users, with compensation totaling approximately 21.9 billion KRW -The first collective dispute mediation in the gaming sector aims to strengthen player protection and restore trust in the gaming industry for sustainable growth -The Korea Fair Trade Commissi.. 2024. 9. 27.
Fair Trade Commission and Consumer Agency Increase 2025 Budget to Support Tmon and WeMakePrice Victim Compensation(2024.9.19) The Korea Fair Trade Commission and the Korea Consumer Agency announced that they have allocated an additional 450 million KRW to the consumer compensation and dispute mediation budget in response to the Tmon and WeMakePrice (hereinafter referred to as “Timape”) crisis. This additional budget has been reflected in the government’s 2025 budget proposal. Recently, 22,005 consumers have applied for.. 2024. 9. 20.
4th Meeting of the Delivery Platform-Merchant Win-Win Cooperation Council Held(2024.9.10) Commission fees for merchants account for approximately 24% of sales generated through delivery platforms.Discussions are ongoing to reduce the burden, based on the findings of the commission fee investigation.The 4th meeting of the "Delivery Platform-Merchant Win-Win Cooperation Council" (hereinafter referred to as the 'Cooperation Council') was held on Tuesday, September 10, at 2:30 PM. During.. 2024. 9. 19.
Promoting Fair Competition in Platforms and Legislative Directions for Preventing the Recurrence of the TMON and Wemakeprice Incidents(2024.9.9) The Korea Fair Trade Commission (KFTC) announces measures for improving monopoly and unfair business practices in the platform sector after consultations with the ruling party -On September 9, the Korea Fair Trade Commission (KFTC) presented its report on "Promoting Fair Competition in Platforms and Legislative Directions for Preventing the Recurrence of the TMON and Wemakeprice Incidents" at a .. 2024. 9. 12.
Announcement of Self-Regulation Measures for Accommodation Platforms(2024.9.5) First reduction of brokerage fees for small businesses listed on platforms -On Thursday, September 5th, at 3:00 p.m., the “Announcement of Self-Regulation Measures for Accommodation Platforms” took place at The-K Hotel Seoul. This event was attended by two accommodation platform operators, Yanolja and Yeogi Eottae, as well as members from the Korea Internet Corporations Association, the Korea Ce.. 2024. 9. 11.
10th Korea-China-Japan Consumer Policy Meeting Held(2024. 9. 4) Reaffirming the need to strengthen policy cooperation between the three countries -Discussion on sharing consumer policies, cooperation plans, and consumer market trends -The Korea Fair Trade Commission (KFTC) held the 10th Korea-China-Japan Consumer Policy Meeting on Wednesday, September 4, 2024, at 10 a.m. in the Emerald Hall of Lotte Hotel World in Jamsil, Seoul. The Korea-China-Japan Consume.. 2024. 9. 10.
Government Agencies Seek to Minimize Consumer Damage from Tmon and WeMakePrice Voucher Incident(2024.8.29) Collecting opinions from 7 major voucher issuers, 4 platform companies, 3 user locations regarding consumer relief measures related to the Tmon and WeMakePrice incident -On August 29 at 10 a.m., the Korea Fair Trade Commission, Ministry of Economy and Finance, Financial Services Commission, and Financial Supervisory Service held a meeting with voucher issuers, platform companies, and user locati.. 2024. 9. 9.
Government Agencies Explore Ways to Minimize Consumer Damage from Travel Products on TMON and Wemakeprice(2024.8.27) Joint meeting held by Ministry of Culture, Sports and Tourism, Fair Trade Commission, and Financial Services CommissionGathering opinions from industries such as travel agencies, credit card companies, and electronic payment service providersOn Tuesday, August 27, in the afternoon, the Ministry of Culture, Sports and Tourism, the Fair Trade Commission, and the Financial Services Commission held .. 2024. 9. 5.
Third Meeting of the Delivery Platform-Merchant Win-Win Council Held(2024.8.27) Discussions on transparency measures for fees and advertising costs, improvement of unfair practices, and establishment of a permanent council to create a foundation for win-win cooperation. Public delivery app ‘Meokkebi’ also participated in this meeting and proposed measures to promote public delivery apps.The third meeting of the “Delivery Platform-Merchant Win-Win Council” (hereinafter refer.. 2024. 9. 4.
Monitoring the Unsettled Payment Damage from the Wemakeprice and TMON Incidents, E-Commerce System Improvement Measures to be Prepared Soon(2024.8.25) Continuing to Supplement the 1.6 Trillion KRW Liquidity Supply Plan, Including Consideration of Loan Interest Rate ReductionsRapid Identification of Unsettled Payment Damages in Other E-Commerce Companies such as Interpark CommerceSoon to be Prepared: Amendments to the 'Large-Scale Distribution Business Act' and the 'Electronic Financial Transactions Act' to Prevent RecurrenceFirst Vice Minister.. 2024. 8. 27.

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