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Naver fined by KFTC for abuse of dominance in online real-estate search market

By Wooyoung Lee ( September 6, 2020, 03:00 GMT | Insight) -- Naver, South Korea’s largest Internet company, was fined 1 billion won ($866,200) by the Korea Fair Trade Commission for abuse of dominance and unfair trade practices in the online real-estate search market. The Korea Fair Trade Commission concluded that the portal giant used exclusive-dealing arrangements to block its rival Kakao from growing its own real-estate search service, with the aim of entrenching its dominant position.  Naver, South Korea’s largest Internet company, has been handed corrective orders and fined 1 billion won ($866,200) by the South Korean antitrust regulator for abuse of dominance and unfair trade practices in the online real-estate search market....

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