SEOUL, Aug. 6 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to refer the chairman of leading South Korean food company Nongshim Co. to the prosecution for allegedly omitting key affiliate companies from required disclosures to avoid designation as a large business group and to benefit from incentives for small businesses. Nongshim [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s antitrust regulator issued a corrective order to GM Korea Co. for its restriction on dealerships’ advertising activities as the local unit of General Motors Co. has banned its dealerships from advertising through online media, excluding Facebook. The Fair Trade Commission (FTC) on Thursday ordered GM Korea to correct its [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s antitrust regulator has made it difficult for loss-making businesses with a capital erosion rate of more than 50 percent to be eligible for a reduction or exemption of fines as long as they are not expected to have serious problems continuing operations. The Fair Trade Commission (FTC) [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has ordered the local unit of Tesla Motors Inc. to revise unfair contract terms. The order came after some customers filed a complaint with the Korea Fair Trade Commission, alleging that the unfair terms violated a law that protects consumers’ rights. One [...]
SEOUL, June 18 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday that it has decided to allow Apple Korea to map out a set of measures to address its anti-competitive business practices here, a move that could end a dispute over its alleged violation of competition law. The Fair Trade Commission said it will [...]