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Naver Defeated in Appeal Against Antitrust Regulator Corrective Order and Fine

Naver Defeated in Appeal Against Antitrust Regulator Corrective Order and Fine

SEOUL, Dec. 16 (Korea Bizwire) — South Korean internet portal giant Naver Corp. has been defeated in an appeal suit against the antitrust regulator that had fined the portal for manipulating search results and abusing its market dominance to the detriment of its competitors. In 2020, the Fair Trade Commission (FTC) accused Naver of manipulating [...]

Naver Faces 26.7 bln-won Fine, Accused of Manipulating Algorithms

Naver Faces 26.7 bln-won Fine, Accused of Manipulating Algorithms

SEJONG, Oct. 6 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday accused Naver Corp., the nation’s biggest search engine, of manipulating search algorithms in favor of the company’s online shopping site and imposed a 26.7 billion-won (US$22.9 million) fine. The fine, announced by the Korea Fair Trade Commission (KFTC), is the nation’s first that [...]