south korea meta sanctions: South Korea regulator may sanction Meta over marketplace: reports
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.
![]()
The Korea Fair Trade Commission (FTC) had investigated possible violations of the country’s e-commerce law and had sent an examination report to Meta late last year, Yonhap news and the Dong-a Ilbo newspaper reported, citing unnamed sources.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIM Kozhikode | IIMK Advanced Data Science For Managers | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
The report is a step before the agency’s commissioners meet to consider the findings and formally decide on measures.
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 FTC declined to confirm the report citing its policy of not commenting on an ongoing investigation.
Meta did not immediately respond to a request for comment.
Discover the stories of your interest
While Facebook and Instagram are social media platforms and are not registered as e-commerce businesses, the marketplaces they operate effectively require them to comply with the law, 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.
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.
![]()
The Korea Fair Trade Commission (FTC) had investigated possible violations of the country’s e-commerce law and had sent an examination report to Meta late last year, Yonhap news and the Dong-a Ilbo newspaper reported, citing unnamed sources.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIM Kozhikode | IIMK Advanced Data Science For Managers | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
The report is a step before the agency’s commissioners meet to consider the findings and formally decide on measures.
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 FTC declined to confirm the report citing its policy of not commenting on an ongoing investigation.
Meta did not immediately respond to a request for comment.
Discover the stories of your interest
While Facebook and Instagram are social media platforms and are not registered as e-commerce businesses, the marketplaces they operate effectively require them to comply with the law, 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.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.