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Market Chatter: South Korea, Meta Discuss Limiting Children's Use of Social Media

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The South Korean government is currently in talks with Facebook and Instagram's parent Meta Platforms, in a bid to limit children's use of social media, Yonhap News reported Thursday.

Meta's Asia-Pacific general manager for product public policy, Philip Chua, is discussing measures with the government to protect teenagers from online harm, which include limiting social media use to two hours a day and restricting late-night access to the platforms, the report said, citing Chua from a "Screen Smart" roundtable in Seoul.

Meta Platforms has already rolled out Teen Accounts and safety protections for teens in South Korea, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

What else is happening in Asia?

Asia

Cheng Loong Clarifies Report Projecting September Revenue

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