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What will be the impact on Meta's operations in South Korea due to the fine by June 30, 2025?
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Resolution / Starting Odds
Reduced operations • 25%
Increased compliance measures • 25%
No significant impact • 25%
Exit South Korea • 25%
Meta's financial reports or official announcements
Story
South Korea Fines Meta 21.62 Billion Won for Illegal Data Collection
Nov 5, 2024, 09:05 AM
South Korea has ordered Facebook owner Meta to pay 21.62 billion won ($15.67 million) in fines after finding it had illegally collected sensitive user data and shared it with advertisers without a legal basis. The data included information on religion, political views, and sexuality from approximately 980,000 South Korean Facebook users. Seoul's data protection agency conducted a four-year probe before issuing the fine.
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Policy changes • 25%
No changes • 25%
Legal action • 25%
Settlement • 25%
No significant change • 25%
Changes to Marketplace • 25%
Expansion of legal team • 25%
Increased lobbying efforts • 25%
Fine paid without appeal • 25%
Fine reduced after appeal • 25%
Fine overturned after appeal • 25%
Fine remains under litigation • 25%
Stock price increases • 25%
Stock price decreases • 25%
Stock price remains stable • 25%
Stock price highly volatile • 25%
Significant change in practices • 25%
Moderate change in practices • 25%
No change in practices • 25%
Other outcome • 25%
Fine paid in full • 25%
Fine reduced • 25%
Fine overturned • 25%
Ongoing legal proceedings • 25%
Major changes to Marketplace • 25%
Minor changes to Marketplace • 25%
No changes to Marketplace • 25%
Other business adjustments • 25%
Fine upheld • 25%
Fine reduced • 25%
Fine overturned • 25%
Settlement reached • 25%
