Region: South Korea

CMA seeks competition fix for Korean Air/Asiana

The UK’s Competition and Markets Authority has told Korean Air and Asiana Airlines that they have five days to remedy its competition concerns or face an in-depth review into their proposed €1.31 billion merger.

15 November 2022

Korean leniency applications directly affected by US decline, lawyer says

A widely-reported decline in US leniency applications has had a “huge impact” on the number of companies reporting cartel conduct to Korea’s Fair Trade Commission, a local lawyer has said.

02 November 2022

KFTC fines AstraZeneca and Alvogen for anticompetitive agreement

Korea’s competition watchdog has fined AstraZeneca and fellow drugmaker Alvogen a combined €1.9 million for colluding to suppress generic competition to the former’s prostate and breast cancer drug.

14 October 2022

Korea: private practice perspective

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11 October 2022

KFTC promises to improve due process and transparency for antitrust probes

Korea’s competition watchdog has promised to enhance the transparency of its investigations and case handling, including by strengthening procedural rights to comply with global norms.

17 August 2022

Korean telecoms regulator probes Apple, Google and local app store

Korea’s telecommunications regulator has launched an investigation into Google, Apple and One Store over the suspected violation of a law prohibiting application marketplaces from barring third-party payment providers.

11 August 2022

KFTC fines pair of bid rigging cartels €52.5 million

Korea’s Fair Trade Commission has fined two separate cartels nearly €52.5 million for conspiring to rig bids in the country’s credit card and rail carriage supply markets.

15 July 2022

Korea fines six steel transport companies for rigging bids

Korea’s competition watchdog has fined six logistics companies a total of €4.9 million for rigging bids to provide the country’s largest steelmaker with cargo handling services at two ports.

14 June 2022

KFTC fines duck processing cartel

Korea’s Fair Trade Commission has fined nine duck meat processing companies and an industry association more than €4.6 million in total for fixing prices and restricting supply over nearly five and a half years.

08 June 2022

Korea fines trade association for role in chicken cartel

Korea’s antitrust authority has fined a chicken trade association nearly €900,000 for its role in fixing chicken prices and supply levels to the benefit of its members over a nine-year period.

19 April 2022

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