Region: Korea, Republic of

Korea sanctions data transmission device cartel

Korea’s Fair Trade Commission has fined three companies a combined €4.2 million for rigging bids to supply devices used to transmit data signals.

12 October 2022

KFTC punishes recycling trade association for fixing prices

Korea’s competition watchdog has sanctioned a recycling trade association for dictating what its members could charge for disposing of domestic food waste.

10 October 2022

Korea raids Apple over excessive pricing allegations

Korea’s antitrust watchdog has reportedly searched Apple's local headquarters in response to a mobile gaming association’s complaint that the technology giant unlawfully charged game developers excessive in-app purchase fees.

28 September 2022

Naver raided in Korea over criminal abuse of dominance allegations

The public prosecutor in Korea has raided Naver reportedly over criminal allegations that the e-commerce platform abused its dominance by preventing real estate information providers from selling data to its main rival.

16 August 2022

KFTC again fines steel cartel in show of ‘zero-tolerance’ approach to collusion

The Korean antitrust watchdog has fined 11 steelmakers a combined €190.7 million for rigging public tenders to purchase steel reinforcing bars, while referring more than half the companies for criminal prosecution.

11 August 2022

Korea’s tapped antitrust chief withdraws nomination amid sexual harassment allegations

The nominee to head Korea’s Fair Trade Commission, who was criticised by the local bar as being an unfamiliar face to the antitrust community, has voluntarily withdrawn his nomination amid controversy surrounding his past history of alleged sexual harassment.

12 July 2022

Korea nominates unfamiliar face to lead antitrust watchdog

Korea’s president has nominated a commercial lawyer who is not well-known by the local competition bar to lead the country’s antitrust authority, raising some questions about future enforcement.

06 July 2022

Korea penalises manhole cover cartel

Korea’s antitrust authority has fined five manhole cover manufacturers a total of €1.6 million for rigging bids over a period lasting more than eight years.

05 July 2022

Korea hits more freight shippers with price-fixing sanctions

Korea’s antitrust watchdog has fined 15 freight shippers a total of €60 million for operating a 17-year cartel that fixed prices on routes to Japan, but declined to impose any fines on different liner operators for similar conduct affecting routes to China.

09 June 2022

Korea fines cartel for military and police supplies

Korea’s Fair Trade Commission has fined a trio of companies more than €6.5 million for rigging bids for leather and textile goods used by the country’s Ministry of National Defense, Correctional Service and National Police Agency.

14 March 2022

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