{
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001122334455554433221100
001122334455554433221100

south korea fines kakao mobility 10.5 million for antitrust violations

South Korea's antitrust regulator has fined Kakao Mobility $10.5 million for unfairly restricting competitors' access to its dominant taxi-hailing platform, Kakao T, which holds a 96% market share. This penalty is a reduction from an earlier $50.3 million fine due to overestimated profit calculations. Additionally, Kakao Mobility faces a $2.47 million fine from the Financial Services Commission for accounting fraud, with the case referred to prosecutors for further investigation.
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20:08 17.12.2024
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