Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

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Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<p>The Fair Trade Commission has warned that it will intensively monitor the abuse of such big techs as Coupang, Naver, and Kakao. In particular, the Fair Trade Commission pointed out that these big techs are unfairly selling their own products/services by manipulating search algorithms on their platforms.</p><p>This was directly mentioned by Cho Sung-wook, chairman of the Fair Trade Commission. Chairman Cho Seong-wook mentioned at the European Chamber of Commerce in Korea breakfast meeting on Friday that the FTC's top priority for the second half of this year would be regulating local big tech platforms.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/229/193/original/Screen+Shot+2021-09-10+at+11.37.01+PM.png?1631331436" class="editor-image img-responsive" data-smartkarma-image-id="229193"></figure></section><div class="content-caption">(Courtesy Dong-A Ilbo)</div><div class="content-highlight"><p><a href="https://www.donga.com/news/Economy/article/all/20210911/109199629/1" target="_blank" rel="noopener">Here is the link to the news article by Dong-A Ilbo about this matter.</a></p></div><p>In addition, Kim Jae-shin, vice-chairman of the Fair Trade Commission, pointed out that “the possibility of platform operators manipulating the search algorithm in a way that is advantageous to them cannot be ruled out.” He also said, "The FTC will strictly respond to the platform operators' act of adjusting and distorting the rules to give preference to their products and services."</p><p>The following remarks from vice-chairman Kim are critical. He directly mentioned Coupang and Naver as examples of search algorithm manipulation. In fact, Coupang has been under investigation by the Fair Trade Commission since July on charges of manipulating the search algorithm to expose its own brand (PB) products before the products of 3rd-party sellers.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/229/199/original/Screen+Shot+2021-09-10+at+11.46.40+PM.png?1631332146" class="editor-image img-responsive" data-smartkarma-image-id="229199"></figure></section><div class="content-caption">(Courtesy Dong-A Ilbo)</div>

The Fair Trade Commission has warned that it will intensively monitor the abuse of such big techs as Coupang, Naver, and Kakao. In particular, the Fair Trade Commission pointed out that these big techs are unfairly selling their own products/services by manipulating search algorithms on their platforms.This was directly mentioned by Cho Sung-wook, chairman of the Fair Trade Commission. Chairman Cho Seong-wook mentioned at the European Chamber of Commerce in Korea breakfast meeting on Friday that the FTC's top priority for the second half of this year would be regulating local big tech platforms.(Courtesy Dong-A Ilbo)Here is the link to the news article by Dong-A Ilbo about this matter.In addition, Kim Jae-shin, vice-chairman of the Fair Trade Commission, pointed out that “the possibility of platform operators manipulating the search algorithm in a way that is advantageous to them cannot be ruled out.” He also said, "The FTC will strictly respond to the platform operators' act of adjusting and distorting the rules to give preference to their products and services."The following remarks from vice-chairman Kim are critical. He directly mentioned Coupang and Naver as examples of search algorithm manipulation. In fact, Coupang has been under investigation by the Fair Trade Commission since July on charges of manipulating the search algorithm to expose its own brand (PB) products before the products of 3rd-party sellers.(Courtesy Dong-A Ilbo)

Korea FTC Says It Will Regulate Coupang on Search Algorithm Manipulation