( June 11, 2025, 02:36 GMT | Official Statement) -- MLex Summary: Chinese e-commerce giant Temu has been fined 357 million won (about $260,000) and issued corrective orders by South Korea’s competition regulator for deceptive advertising and violating e-commerce regulations. According to the Korea Fair Trade Commission, the company engaged in misleading promotions, including exaggerated claims about discount coupons, near-free Nintendo Switch giveaways and referral-based rewards disguised as free offers. The regulator also found that Temu failed to properly display its business information, did not register as a telemarketing business and failed to clarify that it was not the direct seller. The statement, in Korean, is attached....
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