SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s antitrust chief gave a positive assessment of the win-win system with suppliers led by online grocery shopping platform Market Kurly. Joh Sung-wook, the chairperson of the Fair Trade Commission (FTC), met Thursday with representatives of Market Kurly and its suppliers at the company’s logistics center in Seoul’s [...]
SEOUL, Nov. 28 (Korea Bizwire) — Automakers such as Hyundai Motor and Kia Motors are engaged in excessive management interventions, including their involvement in the personnel management of their sales agents. On the other hand, the pharmaceutical industry has seen an increase in the practice of rebates, in which sellers return a share of their [...]
SEJONG, Sept. 10 (Korea Bizwire) — Major South Korean shipbuilders have been accused of not duly paying subcontractors for their works, industry sources said Tuesday. The Fair Trade Commission launched probes into Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. over their alleged failures to pay subcontractors between [...]
SEJONG, May 30 (Korea Bizwire) — Google Inc. has corrected some of its terms of service, South Korea’s antitrust regulator said Thursday, in a move to carry out the world’s first corrective recommendation for the U.S. internet giant. The move came two months after the Fair Trade Commission (FTC) said Google should inform its users [...]
SEJONG, Mar. 14 (Korea Bizwire) — Google Inc. said Thursday that it has decided to voluntarily correct many of its terms of service after South Korea’s antitrust regulator made the world’s first corrective recommendation against the U.S. Internet giant. The Fair Trade Commission (FTC) said Google should inform its users individually of changes to its [...]
SEJONG, Mar. 10 (Korea Bizwire) — Students aged 15 years or younger can take a leading English language proficiency test in South Korea without their parents or guardians being present, the country’s antitrust regulator said Sunday. The Educational Testing Service, a U.S. nonprofit organization that administers and scores the Test of English as a Foreign [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s Supreme Court has found that a 2009 penalty decision by the state antitrust watchdog against U.S. Qualcomm Inc. was not completely lawful, sending the case back to a lower court for reconsideration, court officials said Monday. The Fair Trade Commission (FTC) fined the global chipmaker 273.2 billion [...]
SEOUL, Feb. 1 (Korea Bizwire) — The Fair Trade Commission (FTC) announced on Thursday that it had prepared guidelines for the effective delivery of disclaimers included in advertisements to prevent consumer misunderstanding. From now on, there will be fewer advertisements that mislead consumers by embedding important information in fine print. For example, when advertising an [...]
SEOUL, Sept. 6 (Korea Bizwire) — The Fair Trade Commission will look into online influencers who advertise commercial products on their individual social media accounts without disclosing that they are being paid for the advertisement. The commission announced yesterday that it would carry out an intensive investigation into deceptive advertisements posted on Instagram, a social [...]
SEOUL, Sept. 2 (Korea Bizwire) — The number of unfair business practices nailed by the corporate watchdog surpassed 200 in nearly five years, with close to 10 billion won in fines being slapped on them, a parliamentary report showed Sunday. The Fair Trade Commission (FTC) caught 206 illegal business contracts between large companies and smaller [...]