SEOUL, Sept. 15 (Yonhap) -- South Korea's antitrust regulator may file a complaint with t...

Kakao founder faces possible probe over alleged violation of fair trade act – Yonhap News

SEOUL, Sept. 15 (Yonhap) -- South Korea's antitrust regulator may file a complaint with the prosecution against the founder of internet giant Kakao Corp., as it is reviewing punitive actions against him over alleged violation of the fair trade act. The Korea Fair Trade Commission (KFTC) is looking into allegations that Kim Beom-su omitted or falsely reported details about Kcubeholdings, which is 100 percent owned by Kim and serves as the de facto holding company of Kakao. Under the fair trade act, large business groups with assets of 5 trillion won (US$4.3 billion) or more are facing tougher filing regulations. …

 

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