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The Tech Crackdown Bites Korea Inc. – The Wall Street Journal

Investors are selling technology stocks in a major Asian economy on regulatory worries just as one of the country’s biggest online payment companies is about to go public. China? No, it’s South Korea.

Shares of South Korean internet companies took a hit last week after the country’s financial regulators said fintech platforms selling products like insurance or funds aren’t mere advertisers, but have to get financial licenses, too.