SEJONG, Feb. 5 (Korea Bizwire) — South Korea’s antitrust authority said Thursday it reopened a review on the merger between Microsoft Corp. and Nokia’s devices and services business to preempt any potential market distortions and ensure fair competition. In the “consent decree process” expected to last at least three months, the Fair Trade Commission (FTC) [...]
SEJONG, Feb. 1 (Korea Bizwire) – South Korea’s antitrust watchdog said Sunday it will be looking at global tech companies that may be abusing their monopolistic control to disrupt fair competition in the local market, a move some insiders say may extend to Google and Apple. “The plan is to check the information technology and [...]
SEOUL, Jan. 25 (Korea Bizwire) – Companies that offered financial compensation to bloggers who wrote recommendation posts, including Sony Korea, Boryung Pharmaceuticals, Eva Airline, HanbitSoft, Hyundai Livart and other small operators in medical and IT fields., were dealt harsh fines by the regulation authorities. On January 22, the Fair Trade Commission (FTC) announced that corrective [...]
SEOUL, Oct. 6 (Korea Bizwire) – Samsung C&T Corporation and Hyundai Development Company, those responsible for building Seoul Subway Line No. 9 are expected to pay a fine for an alleged collusion, adding insult to injury since a sink hole accident found under the construction site has prompted significant public outcry against one of the [...]