Naver charged with violating the Fair Trade Act

SEOUL, Sept. 8 (Yonhap) — Internet portal giant Naver Corp. was indicted Thursday on charges of violating the Fair Trade Act by abusing its dominant market position in dealings with information partners in the real estate market. rice field.

The Seoul Central District Prosecutor’s Office has indicted Naver for alleging that it blocked an unspecified market intelligence provider from selling data to Naver’s main rival Kakao Corp. from May 2015 to September 2017. Did.

The case was initiated following a criminal complaint filed last November by the country’s antitrust regulator, the Fair Trade Commission (FTC), at the request of the Ministry of Small Businesses and Startups.

The Japan Fair Trade Commission announced in December 2020 that Internet portal giant Naver had entered into a deal with a market data company on the condition that it would not provide market data to Kakao, after which it paid 1 billion won (767,000 won). USD) fined.

The Small Business Department asked the FTC to proceed with a criminal investigation after it assessed that Naver had harmed the company by blocking potential transactions with cacao.

Last month, prosecutors also raided the company’s headquarters in Seongnam, south of Seoul. Naver charged with violating the Fair Trade Act

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