Region: South Korea

Kakao hit with €18.9 million penalty for secret algorithm manipulation

Korea’s antitrust authority has fined Kakao Mobility €18.9 million for secretly manipulating its algorithm on its mobile application to give preferential treatment to its own affiliated drivers.

14 February 2023

Korea sanctions ready-mix concrete cartel

Korea’s antitrust authority has fined 17 domestic cement makers for a price-fixing and market-sharing conspiracy that affected construction projects for the 2018 Winter Olympics.

13 February 2023

Korea fines carmakers €31.3 million for emissions collusion

Korea’s antitrust authority has sanctioned Mercedes-Benz, BMW and Audi for colluding on the implementation of emission-reduction technology, marking its first-ever cartel penalty relating to research and development.

09 February 2023

Korean court issues first margin squeeze infringement ruling

The Seoul High Court has dismissed an appeal brought by two telecommunication companies accused of implementing an illegal margin squeeze conspiracy – marking the first ruling in Korea that explicitly states the conduct amounts to an abuse of dominance.

17 January 2023

Broadcom offers commitments in Korea to settle antitrust probe

Korea’s Fair Trade Commission has opened a public consultation into Broadcom’s offer to grant Samsung three-year warranties on mobile phone components and refrain from forcing smartphone makers into unfair deals to end an abuse of superior bargaining position probe.

09 January 2023

Korea to tighten scrutiny of digital economy

The Korean government has outlined a nine-step plan for improving competition in digital markets, including curbing abuses of dominance and the “reckless expansion” of large platforms.

06 January 2023

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

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

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