Search results for Fair Trade Act
People
Kakao wins presidential citation at 25th Fair Trade Day for small business cooperation
Kakao said on Tuesday it received a presidential citation at an event marking the 25th Fair Trade Day in Seoul for cooperation in the mobile gift certificate market and contributions to small merchants\' digital transition. The company said it helped develop shared-growth models such as lowering fees and shortening settlement cycles, and participated in revising standard terms to raise refunds for expired mobile gift certificates.
Finance
Government steps up capital market reform to curb conglomerate spin-off listings
The government unveiled measures to improve the capital market, including tougher regulation of dual listings and disclosure of low price-to-book companies. President Lee Jae-myung announced the steps at a meeting on March 18 aimed at addressing the chronic undervaluation of South Korean shares known as the \"Korea discount.\" The plan would tighten exchange screening for subsidiary listings, strengthen parent board responsibilities and publicly list low PBR firms, with related rule changes targeted for June 2026.
Games & Commerce
Prosecutors raid Yanolja and Yeogieottae over alleged expiry of ad coupons
Prosecutors have launched a forced investigation into online lodging booking platforms Yanolja and Yeogieottae over allegations they sold promotional coupon-based advertising products to partner accommodation providers and unilaterally expired unused discount coupons without refunds. The Seoul Central District Prosecutors Office searched the companies’ headquarters on Tuesday, with warrants citing suspected violations of the Fair Trade Act. The probe follows a complaint request by the SMEs ministry and prior antitrust penalties imposed in August.
