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South Korea regulator may sanction Meta over marketplace, say media reports
SEOUL: South Korea's antitrust agency will consider imposing sanctions on Meta Platforms for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday (Mar 8). The Korea Fair Trade Commission (FTC) had inve
SEOUL: South Korea's antitrust agency will consider imposing sanctions on Meta Platforms for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday (Mar 8). The agency alleged Meta has failed to implement adequate measures to protect and provide a remedy to users of Facebook and Instagram marketplaces when disputes arose over sales transactions, as required for e-commerce outlets, Yonhap said. The news reports came after a South Korean consumer protection watchdog said it was reviewing the practices of major overseas shopping platforms, including Alibaba's AliExpress and Temu.
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