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FTC accepts voluntary measures from Daum, Naver

Friday 14 March 2014 | 01:37 CET | News
South Korea's Fair Trade Commission (FTC) has accepted the voluntary measures proposed by internet portal operators Naver and Daum to help smaller companies and to protect consumer rights, the JoongAng Daily writes. Small companies have accused the two companies of setting unfairly high prices for keyword advertising and other services. Naver will contribute around KRW 100 billion over three years and Daum will contribute KRW 4 billion to support SMEs. The portals will also improve services to let users more easily distinguish keyword ads and paid services from search results. By proposing

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Categories: Internet
Companies: Daum Kakao / Naver
Countries: Korea, Republic of
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