Republic of Korea: Fair Trade Commission fined Carrot Market KRW 1 million over non-compliance with Electronic Commerce Act pertaining to disclosing seller information

On 5 March 2025, the Fair Trade Commission issued a ruling against Carrot Market with a fine of KRW 1 million over non-compliance with the Electronic Commerce Act. The ruling highlighted that Carrot Market, a platform intermediary selling used products, failed to disclose seller information. The company did not verify or disclose seller information before transactions, failed to indicate that it was not a direct seller on its platform, and omitted required business details from its website.