Region: South Korea

Korea fines Broadcom €13.4 million over Samsung abuse

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

Korea’s top court backs KFTC on currency swap collusion

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

Korea sanctions LPG cartel

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

Yulchon snags former KFTC litigation and mergers director

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

KFTC probing Google’s compliance with Play Store order

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

KFTC follows government order to probe collapsed construction project

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

Former KFTC director joins Yoon & Yang

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

Korea fines 32 vaccine companies for bid rigging

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

Taiwan conditionally clears telecom deal

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

KFTC raids banks over potential collusion

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

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