The Korea Honest Commerce Fee (FTC) had investigated attainable violations of the nation’s e-commerce legislation and had despatched an examination report back to Meta late final yr, Yonhap information and the Dong-a Ilbo newspaper reported, citing unnamed sources.
Elevate Your Tech Prowess with Excessive-Worth Ability Programs
| Providing Faculty | Course | Web site |
|---|---|---|
| IIM Kozhikode | IIMK Superior Knowledge Science For Managers | Go to |
| IIM Lucknow | IIML Government Programme in FinTech, Banking & Utilized Threat Administration | Go to |
| Indian Faculty of Enterprise | ISB Skilled Certificates in Product Administration | Go to |
The report is a step earlier than the company’s commissioners meet to think about the findings and formally resolve on measures.
The company alleged Meta has didn’t implement satisfactory measures to guard and supply a treatment to customers of Fb and Instagram marketplaces when disputes arose over gross sales transactions, as required for e-commerce retailers, Yonhap mentioned.
The FTC declined to verify the report citing its coverage of not commenting on an ongoing investigation.
Meta didn’t instantly reply to a request for remark.
Uncover the tales of your curiosity
Whereas Fb and Instagram are social media platforms and usually are not registered as e-commerce companies, the marketplaces they function successfully require them to adjust to the legislation, Yonhap mentioned. The information experiences got here after a South Korean client safety watchdog mentioned it was reviewing the practices of main abroad procuring platforms, together with Alibaba’s AliExpress and Temu.
