South Korean regulatory agency issues correction order over Dunamu's false discount advertising on transaction fees.

Techub News reported, according to The Chosun Ilbo, that the Korea Fair Trade Commission (FFTC) announced it has issued a corrective order to Upbit operator Dunamu for falsely advertising Upbit's transaction fee rate. The commission stated that Dunamu posted an announcement on Upbit's website claiming the transaction fee rate would be significantly reduced from 0.139% to 0.05%. However, the investigation revealed that since Upbit's launch in October 2017, Dunamu had never actually applied the 0.139% rate to regular orders. This means the company falsely advertised a discount that was never actually implemented.