SEOUL, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog on Monday pledged to ensure that foreign companies do not face unequal treatment in the country, reaffirming the agency’s principle of non-discrimination. Ju Biung-ghi, chairman of the Fair Trade Commission (FTC), made such a remark during a meeting with the American Chamber [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s antitrust watchdog has identified multiple structural factors that could restrict fair competition and harm consumer interests in the country’s generative artificial intelligence market, according to a policy report released on December 17. The Korea Fair Trade Commission (KFTC) announced plans to closely monitor the market and begin reviewing [...]
SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms. Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]
SEOUL, Mar. 8 (Yonhap) — South Korea’s antitrust watchdog has taken steps to penalize Meta Platforms Inc. for allegedly failing to protect local consumers on its e-commerce platforms of Facebook and Instagram, sources said Friday. The Fair Trade Commission (FTC) has concluded its investigation into Meta’s purported violations of South Korea’s e-commerce law and subsequently [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean and the United States’ antitrust regulators have discussed ways of enhancing bilateral cooperation on antitrust principles to promote economic fair competition, the regulator here said Wednesday. The discussions were made during a meeting between Cho Hong-sun, vice chairperson of the Fair Trade Commission (FTC), and Manish [...]
SEJONG, Sept. 30 (Korea Bizwire) — The South Korean unit of U.S. tech giant Apple Inc. has said it will submit revised voluntary corrective measures over its alleged violation of competition law, the anti-trust regulator said Monday. Apple Korea is suspected of having required South Korean mobile phone carriers — SK Telecom Co., KT Corp. [...]
SEJONG, May 2 (Korea Bizwire) – Four companies including KT&G Corp., South Korea’s largest tobacco manufacturer, have been included on the antitrust watch list as large business groups, with its mutual investments and loan guarantees to be restricted, the watchdog said Monday. Every year the Fair Trade Commission (FTC) announces a newly updated list of [...]
SEJONG, Feb. 12 (Korea Bizwire) – South Korea’s antitrust regulator is considering launching a probe against Qualcomm Inc. for possible abuse of its market dominant position, officials and market sources said Thursday. Industry sources said the Fair Trade Commission (FTC) is mulling over whether to conduct an official investigation of the San Diego-based company for [...]