Search results for DAU
Telecommunications & Media
BAMTT approves enforcement decree for Information Network Act; up to 1 billion won fine for spreading fake news
South Korea\'s Broadcast Media Communications Commission (BAMTT) approved revisions to the enforcement decree of the Information and Communications Network Act and a related public notice to prevent the spread of false and manipulated information and strengthen digital platforms\' social responsibility. The rules take effect on July 7. The scope covers user-to-user information intermediary services such as SNS and online communities, while search services and open marketplaces were excluded from the final draft. The decree also specifies criteria for punitive damages and administrative fines.
Telecommunications & Media
Draft enforcement decree for false, manipulated information law released; platforms like YouTube, Naver, Coupang in scope
The Broadcasting and Media Communications Commission released a draft enforcement decree for the revised Information and Communications Network Act, set to take effect on July 7. The draft would require self-regulation by platforms with 1 million or more daily active users over the prior three months and apply punitive damages to profit channels meeting specified posting, revenue and audience thresholds. It also covers open markets, delivery apps and open chat rooms.
Finance
Kakao finance units post record quarterly results as Bank, Pay step up user and data-driven growth
Kakao Corp’s finance units KakaoBank and KakaoPay posted their best-ever quarterly results in the first quarter, South Korea’s financial sector said. KakaoBank’s net profit rose 36.3 percent to 187.3 billion won, while KakaoPay’s surged 141.5 percent to 34.7 billion won. Both cited user growth, broader revenue sources and expanded data-driven services, alongside stronger platform and advertising-related performance.
