Arab Today, arab today naver to spend 100bn won for fair market rules consumer protection
Last Updated : GMT 20:29:46
Arab Today, arab today
Arab Today, arab today

NAVER to spend 100bn won for fair market rules, consumer protection

Arab Today, arab today

Arab Today, arab today NAVER to spend 100bn won for fair market rules, consumer protection

Seoul - Yonhap

NAVER Corp., the operator of South Korea's most frequently visited Internet portal, has agreed to contribute about 100 billion won (US$94.8 million) over three years toward helping smaller companies and protecting consumer rights, the corporate watchdog said Wednesday. This was in exchange for the Fair Trade Commission applying the so-called "commitment decision" on its probe into major Internet portal operators, including NAVER, which have been accused of hurting fair market competition by using their market dominance.

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