KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Fair Trade Commission

FTC Orders Netflix to Amend terms of Subscription in Korea

 1,502 total views,  1 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: January 15, 2020 UPDATED: January 15, 2020
in Fair Trade Commission, Netflix, South Korea
0
FTC-netflix
The Fair Trade Commission orders Netlix to revise its terms and conditions.

The Fair Trade Commission orders Netlix to revise its terms and conditions.

The Fair Trade Commission (FTC) said Wednesday that it had ordered Netflix to amend the video streaming platform’s unfair terms and conditions in the company’s subscription contracts.

South Korea’s antitrust regulator deemed Netflix’s changing of subscription plans and prices without consent as “unfair” to its subscribers and ordered the streaming platform to revise its terms.

The FTC required Netflix to notify customers of its plan to change fees or subscription plans and must obtain consent from users.

Netflix, however, has been alerting subscribers of fee changes but, at times, does not secure a subscriber agreement, according to the FTC.

The streaming service will apply the revisions starting on January 20. This is the first time a government entity ordered such revisions to be administered by an over-the-top international streaming service.

The Fair Trade Commission said that the order signals strengthened reviews on other global video streaming platforms that could enter the Korean market. The watchdog also stated that it would continue reviewing the terms and conditions of both local and foreign companies.

The FTC previously identified a total of six clauses that it deemed to violate users’ rights. Netflix then proposed amendments to the said clauses and would further review its terms and conditions.

Starting January 20, Netflix must have to ask permission from subscribers when they make changes in the subscription plans and fees. Before, Netflix could modify the prices as they wish and apply the alterations to succeeding billing without prior user approval.

According to FTC, Netflix must also immediately terminate subscriptions when accounts are related to any illegal activity such as copyright violations or misuse of credit cards.

After the implementation of the new revisions, users will also be responsible for activities while their account is in use.

The video platform’s new terms are more specific on the conditions for terminating subscriptions.

Since the start of its service in 2016 in South Korea, Netflix has partnered with local media networks and production companies to create stories designed to entice audiences in Asia and across the globe.

What’s your thoughts?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Tags: amendmentFTCNetflixterms and conditionsunfair

Related Posts

South Korea’s First Commercial-grade Satellite Nuri Rocket Lifts Off
The Fair Trade Commission orders Netlix to revise its terms and conditions.
South Korea

South Korea’s First Commercial-grade Satellite Nuri Rocket Lifts Off

May 27, 2023
CJ OliveNetworks
The Fair Trade Commission orders Netlix to revise its terms and conditions.
South Korea

Korean IT company CJ OliveNetworks fosters young creative talent through the ‘Local Pioneer School’ program

May 24, 2023
Power plant
The Fair Trade Commission orders Netlix to revise its terms and conditions.
South Korea

Korea Hydro & Nuclear Power plans world’s largest salinity gradient power plant in Donghae

May 16, 2023
South Korea announces $135.9 million worth financial support for local shipbuilders
The Fair Trade Commission orders Netlix to revise its terms and conditions.
shipbuilding

South Korea announces $135.9 million worth financial support for local shipbuilders

May 11, 2023
Hyundai Motors’ First EV-Dedicated Factory in Korea to Open Soon
The Fair Trade Commission orders Netlix to revise its terms and conditions.
Automotive industry

Hyundai Motors’ First EV-Dedicated Factory in Korea to Open Soon

May 11, 2023
6G
The Fair Trade Commission orders Netlix to revise its terms and conditions.
South Korea

Korea starts 6G-based personal aerial vehicle testing in Incheon

May 10, 2023
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Samsung to build memory chip based supercomputers, expects surpassing Taiwan Semiconductor Manufacturing Company

    0 shares
    Share 0 Tweet 0
  • Netmarble subsidiary Metaverse Entertainment’s K-Pop virtual girl band MAVE has a smashing online debut

    0 shares
    Share 0 Tweet 0
  • Naver and Kakao Quicken Entry into Business AI Market

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility and Kia collaborate to develop purpose-built vehicle for ride-hailing services

    0 shares
    Share 0 Tweet 0
  • World’s First 5G Robot Café has a Seoul Opening

    0 shares
    Share 0 Tweet 0
  • Top Eight Promising EdTech Startup Companies in South Korea

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |