Region: Korea, Republic of

Korea punishes railroad tie cartel

Korea’s competition authority has fined five companies that make railroad ties a combined €9.3 million for rigging bids on purchase orders called by state-owned and private companies.

11 June 2021

KFTC expands tech taskforce

Korea’s competition authority has expanded its technology taskforce to include a division focused on digital advertising and committed to putting more resources into the division probing in-app payments.

07 June 2021

Apple faces criminal charges for obstructing probe in Korea

Korea’s antitrust watchdog has fined Apple’s local subsidiary for interfering with an abuse of dominance investigation, while referring the iPhone-maker and one of its executives for criminal prosecution.

31 March 2021

Korea orders booking platforms to scrap MFNs

Korea’s competition watchdog has ordered five online travel agencies – including Booking.com and Expedia – to remove clauses with accommodation providers that forced them to offer the same room rates on all booking platforms and their own websites.

16 March 2021

Korea to bolster app store monitoring

Korea’s antitrust watchdog is beefing up its monitoring of online app stores after a survey showed that new market entrants are calling for stronger government intervention to eradicate unfair practices by online platform operators.

04 March 2021

Korea accepts Apple’s investment promise to end abuse probe

Korea’s competition watchdog has accepted Apple’s third commitment offer to invest €74.5 million in support programmes to benefit small businesses and consumers, in return for closing an abuse of superior bargaining position investigation.

04 February 2021

Korea slaps steelmakers with €224 million cartel fines

The Korean antitrust watchdog has fined seven local steelmakers a combined 300 billion won (€223.7 million) for fixing prices through an eight-year cartel organised by Hyundai Steel.

27 January 2021

Report reveals fluctuations in cartel fines in 2020 across Asia-Pacific

Cartel fines in Korea and Taiwan increased significantly in 2020 from the previous year, although they fell steeply in China, Japan, Australia and India, a report by Morgan Lewis & Bockius has revealed.

15 January 2021

Delivery Hero secures conditional merger clearance in Korea

Korea’s competition watchdog has cleared Delivery Hero’s acquisition of a majority stake in Woowa Brothers subject to the divestiture of its existing local business, including popular food delivery app Yogiyo.

05 January 2021

South Korea

Featured in GCR 100 2021

The small but talent-heavy collection of antitrust practices in South Korea remains one of the strongest in Asia, as Korea’s Fair Trade Commission looks to intensify its scrutiny of several markets.

11 December 2020

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