Fair trade watchdog fines matchmaking firm for exaggerating membership figures
Korea's fair trade watchdog on Wednesday imposed a fine and issued a corrective order against Duo Information Co., a major matchmaking firm, for exaggerating the number of its members with professional occupations and degrees from prestigious universities. The Fair Trade Commission (FTC) said it imposed a 345 million-won ($249,450) fine on the company for misleading advertisements distributed…
South Korea's Fair Trade Commission (FTC) recently imposed a 345 million-won ($249,450) fine on matchmaking firm Duo Information Co. The company was also ordered to correct misleading advertisements. These claims exaggerated the number of members with professional occupations and graduates from prestigious universities, according to the FTC.
Duo claimed to have 5,135 members in professional occupations and 16,479 graduates from top-tier universities. However, the figures were based on the company's own criteria for defining these occupations and universities. The FTC noted that Duo also falsely claimed to be the only matchmaking firm to disclose regulatory filings with the Financial Supervisory Service, while another rival was also doing so.
Additionally, Duo stated that it employed 230 matchmaking managers. This information, too, was flagged by the FTC as misleading. The FTC emphasized that Duo's exaggerations were part of misleading advertisements distributed through various platforms, including online news articles, its website, blogs, and outdoor ads.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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