South Korea will pursue revisions to its Telecommunications Business Act to prevent excessive payments to livestream broadcasters after reports of financial damage to users.
According to the Korea Communications Commission (KCC), it will strengthen user protection by requiring video streaming platforms to set payment limits, prevent illegal transactions, strengthen protection of minors, and operate a user protection service.
Last year, an elementary school student paid livestreamers on local platform Hakuna 130 million won without parental consent. The family has since received a full refund from the company with KCC's intervention.
The KCC wants parental consent to be given to minors beforepaying livestreamers, along with a monthly payment limit.
Video streaming platforms, such as YouTube and local rival Afreeca TV, operate live payments, allowing viewers to tip broadcasters in real-time.
The KCC currently implements payment guidelines for online broadcasters.


TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
One Percent Rule Checklist For Safer Forex Trading Risk
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 



