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Naver, Coupang raided by South Korean competition watchdog over subscription-termination practices

By Jenny Lee ( May 7, 2024, 08:25 GMT | Insight) -- The Korea Fair Trade Commission launched a dawn raid at the headquarters of Naver and Coupang, aiming to collect documents pertaining to their subscription-cancellation policies, MLex was told. The raid forms part of the commission's wider efforts to scrutinize subscription services amid allegations that the companies have made it difficult for users to terminate their subscriptions mid-term or failed to adequately inform them of their rights in this regard.South Korean platform giants Naver and Coupang are currently under investigation by the country’s competition watchdog for potential violations of e-commerce law....

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