Region: South Korea

Broadcom abused its superior bargaining position over Samsung by forcing the mobile phone maker into unfair long-term contracts for telecommunications components, Korea’s Fair Trade Commission has said.

21 September 2023

A lower court wrongly annulled a KFTC decision finding that Citibank Korea and JPMorgan Chase illegally rigged tenders from two state-owned companies for currency swap services, Korea’s top court has held.

13 September 2023

Four liquefied petroleum gas companies must pay €1.8 million in fines for conspiring to fix prices and allocate customers on the island of Jeju in Korea.

04 September 2023

Yoon Hwan Hwang, who served as the director of litigation and merger review at Korea’s Fair Trade Commission, has joined Yulchon as a partner in Seoul.

30 August 2023

Korea’s Fair Trade Commission has inspected Google’s offices to check whether the company complied with an abuse of dominance decision requiring it to allow the development of rival application marketplaces.

16 August 2023

Korea’s Fair Trade Commission has reportedly raided the offices of several construction companies over concerns they colluded on the construction of an apartment complex that partly collapsed due to faulty design.

10 August 2023

Hee Jae Lee, who served in several high-ranking positions at Korea’s Fair Trade Commission, has joined Yoon & Yang as a partner in Seoul.

09 August 2023

GlaxoSmithKline and 31 other companies in the vaccine sector are facing fines of €28.6 million from Korea’s Fair Trade Commission for rigging bids to supply the government’s National Immunisation Programme.

21 July 2023

Far EasTone Telecommunications has committed to improving service and network quality while also investing in infrastructure to merge with rival Asia-Pacific Telecom in Taiwan.

21 July 2023

Korea’s Fair Trade Commission has reportedly raided the country’s four largest banks for the second time this year over suspicions they colluded on loan rates.

15 June 2023