South Korea's Fair Trade Commission fined Kosdaq-listed Webzen 5 million won for selling new game characters while concealing confirmed plans to shut down services, violating consumer protection laws by misleading users into purchases under false pretenses of continued operations.
#YonhapInfomax #Webzen #FairTradeCommission #GameShutdown #ConsumerProtection #ElectronicCommerceAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=108239
Webzen Sanctioned by Regulator for Selling New Characters While Hiding Game Shutdown Decision
South Korea's Fair Trade Commission fined Kosdaq-listed Webzen 5 million won for selling new game characters while concealing confirmed plans to shut down services, violating consumer protection laws by misleading users into purchases under false pretenses of continued operations.
South Korea's Fair Trade Commission Chair Joo Byung-ki announced plans to introduce a regulatory framework for subscription services and strengthen consumer protections in digital and platform-based markets, as part of broader efforts to enhance consumer rights.
#YonhapInfomax #FairTradeCommission #SubscriptionServices #ConsumerProtection #PlatformOperators #ElectronicCommerceAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=93727
Joo Byung-ki, Chair of the Fair Trade Commission, Vows to Establish Regulatory Framework for Subscription Services
South Korea's Fair Trade Commission Chair Joo Byung-ki announced plans to introduce a regulatory framework for subscription services and strengthen consumer protections in digital and platform-based markets, as part of broader efforts to enhance consumer rights.
South Korea's Fair Trade Commission fined Coupang, Content Wavve, NHN Bugs, and Spotify for deceptive consumer practices and information disclosure violations, ordering corrective measures and imposing penalties totaling 10.5 million won ($7,740).
#YonhapInfomax #KoreaFairTradeCommission #Coupang #ConsumerProtection #ElectronicCommerceAct #Fines #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85612
KFTC Fines Coupang and Three Other Online Platforms for 'Deceptive Practices Against Consumers'
South Korea's Fair Trade Commission fined Coupang, Content Wavve, NHN Bugs, and Spotify for deceptive consumer practices and information disclosure violations, ordering corrective measures and imposing penalties totaling 10.5 million won ($7,740).
FTC Sanctions Tmon-Wemef for Delayed Refunds to Consumers
FTC sanctions Tmon and Wemef for violating Electronic Commerce Act by delaying consumer refunds, imposes corrective orders amid ongoing rehabilitation procedures
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