SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s customs service said Thursday that it will conduct ex post facto review for those who make overseas direct purchases in a repeated manner, as part of efforts to prevent them from importing goods without paying duties by pretending the items they purchase for resale purpose are intended [...]
SEOUL, Oct. 22 (Korea Bizwire) – The head of South Korea’s fair trade watchdog said Thursday her agency will review one of two ongoing probes into Google Inc.’s market competition violations. Since 2016, the Korea Fair Trade Commission (KFTC) has been investigating Google over allegations that it obstructed local smartphone makers from using operating systems [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea has launched an antitrust investigation into Google over its plans to enforce commission fees for in-app purchases made through its mobile application store, a top official said Thursday. The U.S. tech giant has come under intense scrutiny from South Korean regulators after it updated its global policy [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s antitrust regulator has launched an investigation into anti-competitive practices of the dominant mobile operating system (OS), its chief said on Wednesday. The remarks by Joh Sung-wook, the chairperson of the Korea Fair Trade Commission (KFTC), are seen as a warning against Google’s dominant Android mobile OS, KFTC [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s transport ministry said Tuesday it has recently ordered a probe into Tesla Motors Inc.’s Model 3 for possible problems with parts. The Korea Automobile Testing & Research Institute (KATRI) of the Korea Transportation Safety Authority is looking into whether the Model 3′s Autopilot driver-assist feature has any [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s telecom regulator has started assessing 5G service quality following constant consumer complaints, industry sources said Tuesday. The Ministry of Science and ICT has recently started to evaluate 5G service quality in Seoul and major cities in the country, according to the sources. This is the first time [...]
SEOUL, June 7 (Korea Bizwire) — Samsung Group on Sunday asked the media to refrain from publishing speculative reports related to the prosecution’s investigation of a controversial merger of two affiliates. “Speculative or unconfirmed reports with questionable sources are continuing to come out as of late. Of those, some stories are based on the impression [...]
SEOUL, Feb. 13 (Korea Bizwire) — Prosecutors have launched an investigation into Samsung heir-apparent Lee Jae-yong’s suspected drug use, while the top conglomerate has flatly denied the allegation. The Seoul Central District Prosecutors Office began the probe after a whistleblower reported the case to the state anti-corruption watchdog, demanding an investigation into the allegation, according [...]
SEOUL, Jan. 2 (Korea Bizwire) — LG Electronics Inc., South Korea’s major home appliances maker, is set to face a probe from the country’s antitrust watchdog, industry insiders said Thursday, as local consumers plan to submit a collective complaint against the company over its clothes dryers. A Seoul-based law firm representing 560 local consumers said [...]
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 [...]