Region: South Korea

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

KFTC busts construction services cartel

Korea’s competition watchdog has hit 35 companies with fines totalling €1.3 million after finding they formed a cartel to rig bids for certain construction management services.

21 March 2022

Korea hits chicken cartel with €129 million fine

Korea’s Fair Trade Commission has fined 15 poultry-processing companies nearly €129.7 million for colluding to fix prices for broiler chicken meat over 12 years – referring five of the companies for criminal prosecution.

16 March 2022

Korea finalises rules forcing Google and Apple to open up app stores

Korea’s telecommunications regulator has finalised rules forcing dominant application store providers to allow access to third-party payment providers, allowing for fines of up to 2% of local revenue for non-compliance.

10 March 2022

Korea probes cloud services sector

Korea’s antitrust watchdog has launched a survey to uncover whether there are competition issues in the growing cloud sector, including related to the concentration of data.

28 February 2022

Google seeks injunction against KFTC fine

Google is reportedly seeking to annul a €151.7 million fine levied by Korea’s antitrust watchdog for allegedly preventing smartphone manufacturers from installing or developing competing mobile operating systems.

10 February 2022

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