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Witness in Naver's South Korean criminal trial denies exclusivity terms blocked rival's real-estate information deal

By Jenny Lee ( July 19, 2024, 04:22 GMT | Insight) -- A key witness in the criminal case against South Korean tech giant Naver denied that the company's controversial contract terms were responsible for blocking a potential deal between real-estate content provider R114 and rival portal Daum Kakao. This testimony, delivered at the Seoul Central District Court during the ninth oral hearing in the case, challenges the prosecution's central argument that Naver used anticompetitive clauses between 2015 and 2017 to restrain content providers’ dealings with Daum, thereby hampering the growth of its competitor’s real-estate information service.A key witness in the criminal case against South Korean search giant Naver denied that the company's controversial contract terms were responsible for blocking a potential deal between real-estate content provider R114 and rival portal Daum Kakao....

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