Region: Korea, Republic of

Korea fines shippers in major price-fixing case

Korea’s antitrust authority has fined 23 shipping companies nearly €71 million for fixing freight rates over a 15 year period, although the penalty is significantly lower than some expected.

18 January 2022

G7 report urges coordinated global response to Big Tech

A report published by antitrust chiefs from the G7 nations and four guest countries has highlighted the historic global underenforcement of digital mergers and the importance of understanding new technologies to combat harm to competition earlier.

29 November 2021

The Asia-Pacific Round-up (26 November 2021)

News in brief from the Asia-Pacific region… China’s antitrust watchdog has issued a conditional merger clearance and fined a logistics cartel for rigging bids and allocating the market. In India, the antitrust authority fined a price-fixing cartel in the paper sector and ordered a full investigation into alleged abuse of dominance by table tennis organisations. Meanwhile, Korea has issued a pair of bid-rigging decisions.

26 November 2021

The Asia-Pacific Round-up (12 November 2021)

News in brief from the Asia-Pacific region… Japan’s competition authority is reportedly gearing up to fine 20 printing companies for bid-rigging, while Korea’s antitrust agency has fined a lens retailer for resale price maintenance. Elsewhere, Hong Kong’s Competition Commission has issued a policy note outlining when it will accept commitments to resolve competition concerns.

12 November 2021

Korea fines transport companies for bid-rigging

Korea’s Fair Trade Commission has fined three shipping companies nearly €3.6 million for colluding to rig bids for transporting heavy equipment such as engines and forklifts over an eight year period.

08 November 2021

Korea hits Google with €150 million abuse fine

Korea’s antitrust watchdog has slapped a €150 million abuse of dominance fine on Google for preventing smartphone manufacturers from installing or developing competing mobile operating systems.

14 September 2021

Korea forces Google and Apple to allow third-party payment providers

Korea has passed highly-anticipated amendments to its telecommunications law, becoming the first country to prohibit Google and Apple from barring third-party payment providers in their application marketplaces.

01 September 2021

Dolby sanctioned in Korea for breach of patent obligations

Korea’s competition authority has fined Dolby Laboratories nearly €200,000 for abusing its superior bargaining position by restricting access to its essential patented technology during a dispute with a local set-top box manufacturer.

13 August 2021

Korea fines vehicle manufacturers for rigging fire department tenders

Korea’s Fair Trade Commission has fined a pair of specialist vehicle manufacturers for rigging public tenders to supply firefighting and emergency rescue vehicles.

03 August 2021

Korea fines 24 concrete producers for price-fixing

Korea’s Federal Trade Commission has fined 24 concrete pile manufacturers a combined €74.9 million for colluding to fix concrete prices for construction projects.

26 July 2021

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