{"id":11593,"date":"2024-03-08T18:40:28","date_gmt":"2024-03-08T13:10:28","guid":{"rendered":"https:\/\/bigbreakingwire.in\/south-koreas-fair-trade-commission-considers-sanctions-against-meta-over-user-protection-lapses-on-facebook-and-instagram-marketplaces\/"},"modified":"2024-03-08T18:44:01","modified_gmt":"2024-03-08T13:14:01","slug":"south-koreas-fair-trade-commission-considers-sanctions-against-meta-over-user-protection-lapses-on-facebook-and-instagram-marketplaces","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/south-koreas-fair-trade-commission-considers-sanctions-against-meta-over-user-protection-lapses-on-facebook-and-instagram-marketplaces\/","title":{"rendered":"South Korea&#8217;s Fair Trade Commission Considers Sanctions Against Meta Over User Protection Lapses on Facebook and Instagram Marketplaces"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>South Korea&#8217;s Fair Trade Commission might penalize Meta for not protecting users enough on Facebook and Instagram&#8217;s marketplaces.<\/p>\n\n\n\n<p>This investigation is part of a global trend where regulators are closely looking at Meta&#8217;s marketplace practices, worried about issues like selling recalled items and exploiting data.<\/p>\n\n\n\n<p>Meta, previously known as Facebook, operates these popular social media platforms in South Korea, and even though they aren&#8217;t registered as e-commerce businesses, they&#8217;re expected to follow the country&#8217;s e-commerce law.<\/p>\n\n\n\n<p>The commission claims that Meta hasn&#8217;t done enough to safeguard users or resolve disputes on Facebook and Instagram marketplaces, as required for e-commerce platforms.<\/p>\n\n\n\n<p>Last year, the FTC sent a report to Meta, and if the commissioners decide on sanctions, it would be the first penalty for a global tech company under South Korea&#8217;s e-commerce law.<\/p>\n\n\n\n<p>This news aligns with South Korean watchdogs reviewing practices of other major overseas shopping platforms, such as Alibaba&#8217;s AliExpress and Temu.<\/p>\n\n\n\n<p>Meta hasn&#8217;t responded to these allegations yet, and the FTC won&#8217;t comment due to its policy on ongoing investigations.<\/p>\n\n\n\n<p>These potential sanctions add to Meta&#8217;s growing list of regulatory challenges, including antitrust investigations, data privacy concerns, and criticism over marketplace practices worldwide.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"XmemDAAlpJ\"><a href=\"https:\/\/bigbreakingwire.in\/mark-zuckerbergs-strategic-stock-divestment-a-comprehensive-analysis-of-106m-in-meta-platforms-inc-shares-sold-in-february-and-march-2024\/\">Mark Zuckerberg&#8217;s Strategic Stock Divestment: A Comprehensive Analysis of $106M in Meta Platforms, Inc. Shares Sold in February and March 2024<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Mark Zuckerberg&#8217;s Strategic Stock Divestment: A Comprehensive Analysis of $106M in Meta Platforms, Inc. Shares Sold in February and March 2024&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/mark-zuckerbergs-strategic-stock-divestment-a-comprehensive-analysis-of-106m-in-meta-platforms-inc-shares-sold-in-february-and-march-2024\/embed\/#?secret=NMWvqH4TOB#?secret=XmemDAAlpJ\" data-secret=\"XmemDAAlpJ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>South Korea&#8217;s Fair Trade Commission might penalize Meta for not protecting users enough on Facebook and Instagram&#8217;s marketplaces. This investigation is part of a global&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[619,1,39],"tags":[1815,2253,2254,2255,1814,2256,70,2174],"class_list":["post-11593","post","type-post","status-publish","format-standard","hentry","category-stocks-in-news","category-tech","category-world","tag-facebook","tag-fair-trade-commission","tag-instagram","tag-marketplaces","tag-meta","tag-regulatory-scrutiny","tag-south-korea","tag-user-protection","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-30Z","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=11593"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11593\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=11593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=11593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=11593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}