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Games & Commerce

FTC orders Coupang, Naver and five other open markets to fix unfair terms, block privacy liability waivers

South Korea’s Fair Trade Commission said on April 27 it reviewed the terms of service of seven open market operators, including Coupang and Naver, and ordered corrections to 11 types of unfair clauses. The measures focus on fixing provisions that shifted onto users the responsibility for personal data protection and brokerage management that operators should bear. The operators submitted correction plans and plan to implement revised terms after amendment procedures.

Telecommunications & Media

Woowa Brothers expands franchise partnerships amid \'Baemin Only\' controversy

Woowa Brothers, operator of South Korean delivery app Baedal Minjok (Baemin), is stepping up partnerships with franchise brands as debate continues over its exclusive listing model, \'Baemin Only\'. The company signed an MOU with Jangs Food, operator of 60gye Chicken and Stella Tteokbokki, covering ads, promotions, exclusive new menu launches and pickup. The industry sees a shift toward broader, more flexible cooperation after controversy and friction with franchisees.

Games & Commerce

Naver, Kakao shares lag despite solid earnings as AI monetisation delays cut valuation expectations

Brokerages forecast record first-quarter results for Naver and Kakao, but their shares keep falling this year. Analysts say weaker visibility on monetising artificial intelligence is lowering valuation expectations. Securities firms have cut target prices for both companies. For Naver, rising infrastructure and promotion costs and delays to a blockchain-related merger are weighing on sentiment. For Kakao, investors are watching the super-app push and proof of AI agent utility.