Technology

Internet Giants Take Fire in Korean Echo of China Crackdown

Internet Giants Take Fire in Korean Echo of China Crackdown

Kakao Corp. and Naver Corp. plummeted, set for the biggest declines in years, after South Korean lawmakers warned the nation’s internet giants against abusing their market dominance in the pursuit of profits. Kakao, which runs Korea’s biggest messaging and social media service, plunged more than 11%, on track for its worst drop since 2012.

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