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Naver's defense bolstered by witness testimony in criminal case alleging dominance abuse in South Korean real-estate information market

By Jenny Lee ( January 12, 2024, 04:01 GMT | Insight) -- In the ongoing criminal case against Naver in Seoul, a witness testified that Kakao Daum's attempt to leverage Naver's real estate verification system without providing proper compensation skirts the boundaries of business ethics. The witness's testimony, examined by both the prosecution and Naver's lawyers, reinforced the company's defense that its actions were aimed at preventing unfair free rides, not hindering partnerships with rivals. Search giant Naver’s verification system has been a game changer when it comes to real-estate listings, yet Kakao Daum's expectation of leveraging this innovation without any quid pro quo strikes as not quite playing by the rules of business ethics, a witness testified yesterday at the Seoul court that is hearing the ongoing high-profile criminal case against Naver....

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