US Government Extends TikTok Sale Deadline by Two Weeks

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The Donald Trump administration in the United States has extended the deadline for the sale order of the Chinese video service company TikTok by 15 days.

According to U.S. media on the 13th (local time), TikTok's parent company, Chinese ByteDance, disclosed in a document submitted to the federal court that the U.S. government extended the TikTok sale deadline from the original 12th to the 27th.

This is read as the background explaining the sudden suspension of the TikTok sale executive order that was scheduled for the previous day.

President Trump signed an executive order on August 14 stating that "if TikTok is not sold to a U.S. company within 90 days, TikTok's transactions in the U.S. will be banned," and the previous day was the scheduled enforcement date, but the Department of Commerce suddenly postponed the enforcement.

The U.S. Treasury Department also issued a statement on the same day, announcing that the Committee on Foreign Investment in the United States (CFIUS) has approved a 15-day extension of the sale deadline for ByteDance.

The Treasury Department explained that this measure is to provide additional time for the parties involved in the TikTok sale to resolve the matter in a manner that complies with the order.

This content was produced with the assistance of AI translation services.