The anti-trust authority on Sunday disclose its decision to impose a corrective order and a fine of 540 million won ($404,000) on Kakao Entertainment Co. [Photo by Yonhap] Kakao Corp., a major player in the domestic web novel market alongside Naver Corp., is facing Fair Trade Commission (FTC) sanctions for its practice of demanding writers hand over the adaptation rights to their award-winning content as they are adapted into films, among other processes. This is the first time the FTC has taken action against a company over the copyright of contest-submitted works.

https://n.news.naver.com/mnews/article/009/0005191446?sid=104

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