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Mark Zuckerberg’s Meta May Get Penalised By Antitrust Regulators In South Korea; Here’s Why [Video]

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Ecommerce

Meta Platforms to be penalised by South Korea’s antitrust commission for allegedly neglecting to safeguard local customers on its Facebook and Instagram e-commerce platforms. The Fair Trade Commission (FTC) has sent a report to the US technology giant after concluding its investigation into Meta’s purported infractions of the country’s e-commerce law, according to sources cited by Yonhap news agency.

They noted that Meta’s handling of user complaints in the Facebook and Instagram markets was the study’s main emphasis.

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Through these markets, Facebook and Instagram users may buy and sell new and used things nearby. Furthermore, Meta offers a solution to help small businesses create separate company accounts for their online transactions.

The e-commerce legislation in South Korea mandates that operators of e-commerce platforms establish protocols for managing grievances and disagreements from customers, in …

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