US Government Decides Not to Further Extend Deadline for TikTok Divestment Order

[Asia Economy Reporter Baek Kyunghwan] It has been reported that the U.S. government has decided not to further extend the deadline for the sale order of the Chinese video platform TikTok.

According to foreign media on the 5th, the U.S. government decided not to extend the sale order deadline any further, but talks between TikTok's parent company, China's ByteDance, and the government are expected to continue. The U.S. Treasury Department issued a statement on the day saying, "The Committee on Foreign Investment in the United States (CFIUS) is consulting with ByteDance to resolve TikTok's sale process and security issues."

However, the Treasury Department added that since negotiations are still ongoing, no action will be taken against ByteDance for exceeding the sale deadline.

Originally, President Donald Trump signed an executive order on August 14 stating that "if TikTok does not sell its U.S. business segment to an American company within 90 days, domestic transactions of TikTok will be banned," setting the deadline as November 12. However, the deadline was extended by 15 days to November 27, and then given an additional week until December 4.

Meanwhile, the executive order signed by President Trump specifies that if TikTok misses the sale deadline, the U.S. Department of Justice may take enforcement actions. However, it is not known how the U.S. government will actually enforce the sale order.

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