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Kakao loses appeal in South Korea to overturn antitrust fine

By Wooyoung Lee ( January 24, 2025, 02:06 GMT | Insight) -- South Korean tech giant Kakao lost its appeal to overturn a sanction decision and a fine of 98 million won (about $73,000) imposed by the country’s competition regulator. The Seoul High Court rejected Kakao’s bid to challenge a 2024 decision by the Korea Fair Trade Commission, which found that the company failed to adequately inform consumers about their right to cancel music subscriptions and receive refunds for unused portions.South Korean tech giant Kakao lost its appeal to overturn a sanction decision and a fine of 98 million won (about $73,000) imposed by the country’s competition regulator....

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