Search results for FTC
Finance
Nextrade STO consortium cleared by FTC, steps up push for final licence
An NXT fractional investment consortium involving Nextrade will accelerate its push for a final licence for an over-the-counter trading venue after South Korea\'s Fair Trade Commission found no wrongdoing in claims of unfair technology use and business interference. Nextrade said the watchdog concluded it was hard to see that it used Lucentblock\'s technology or obstructed its business. The consortium plans to apply for final approval and prepare for a market launch in the fourth quarter of 2026.
Mobility
California fines GM $12.75 million over driver data sales allegations
California imposed a $12.75 million penalty on General Motors over allegations it sold location and driving data from hundreds of thousands of OnStar users to data brokers. The settlement, pending court approval, also restricts GM’s business by barring it from selling consumer personal data for 5 years and requiring deletion of stored driver data within 180 days unless consent is renewed. GM must also stop selling driving data to consumer credit reporting agencies.
Games & Commerce
FTC changes Coupang controlling person to founder Kim Bum-suk; Coupang to challenge in court
South Korea\'s Fair Trade Commission on Tuesday changed Coupang\'s designated controlling person from the company to founder Kim Bum-suk. The designation affects disclosure obligations and the scope of rules on unfair internal transactions. The FTC said it concluded Kim\'s brother did not meet an exception requirement because he effectively took part in management. Coupang said it would explain its position through an administrative lawsuit and plans to file an objection within 7 days.
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Crypto
Korea FTC orders Dunamu to correct ads over allegedly false, exaggerated fee rate discounts
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Games & Commerce
FTC seeks more data as review speeds up on Naver Financial-Dunamu merger
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Industry
Lotte Shopping fined for unfair practices toward suppliers at Lotte Mart, FTC says
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Industry
Mercedes-Benz fined 11.24 billion won by Korea FTC over missing battery maker disclosure
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Games & Commerce
Webzen fined for hiding game shutdown while selling items
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AI & Enterprise
Samsung Electronics denies allegations of bullying subcontractor
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Games & Commerce
Korea FTC fines Coupang 2.2 billion won for alleged abuse of power
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Industry
Korea FTC fines three sugar makers 408.3 billion won for price rigging
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Games & Commerce
FTC launches another onsite inspection at Coupang HQ over personal data leak, PB fair trade concerns