À̹ÌÁö È®´ë Han Ki-jeong, head of the Fair Trade Commission [Provided by Yonhap]
South Korea¡¯s antitrust agency will decide whether to take disciplinary action against the country¡¯s information technology giant Kakao Corp. for its alleged favoritism and violation of the separation law of industrial and financial capital.
¡°We will deliberate and decide any law-violating activity before the end of this year in an incident in which a platform business group has exercised voting rights in affiliates through financial units,¡± said Han Ki-jeong, head of the Fair Trade Commission, Monday, during his first meeting with reporters since taking office in September.
Han was referring to a case in which K Cube Holdings, a financial firm wholly owned by Kim Beom-su, Kakao founder and head of Kakao Future Initiative Center, exercised voting rights in non-financial company Kakao.
Kim is suspected of submitting false data in relation to the case, which in such case, the FTC could charge him to prosecution.
À̹ÌÁö È®´ë [Provided by Yonhap]
The antitrust agency also plans to review a case involving Kakao Mobility allegedly favoring its franchise taxi Kakao T Blue over other taxis franchises by assigning calls through its Kakao T application. The FTC plans to launch deliberation on the case and decide disciplinary action no later than early next year.
The review will focus on whether Kakao, a platform operator, abused monopoly to favor its own franchise taxis or products and services and restricted multi-homing, or use of competing platform services.
Han noted that the FTC will carry out stern investigation and impose sanctions against any unfair activity and profit-taking practices by business groups. He added that the agency will continue to keep a close eye on any unfair internal trade cases.
The FTC also plans to deliberate sanctions on Nexon Korea¡¯s alleged manipulation of probability-type items in MapleStory.
The FTC under Han will also monitor closely on any technology exploitation to establish fair trade base for small- and mid-size enterprises. The amount of technology exploitation reached 280 billion won ($211 million) in recent five years, said Han.
¡°We will intensify technology exploitation exposure and improve system to allow proper aid to any damages,¡± Han added.
By Lee Jin-han and Lee Eun-joo
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]