SEOUL, May 22 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to order Renault Korea Motors Co. to take corrective steps for excessively charging its dealerships for urgent orders of auto parts. The South Korean unit of Renault S.A. had levied a combined 394.64 million won (US$289,935) in penalties against 305 authorized dealerships between June 2012 and December [...]
SEOUL, Apr. 10 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to order Samsung Electronics Co. to take corrective steps for interfering with the business operations of its authorized retail stores. The tech giant allegedly had demanded that its agencies provide it with their retail price information from January 2017 through September [...]
SEOUL, Apr. 8 (Korea Bizwire) — South Korea’s antitrust regulator has launched an inspection into China’s Temu shopping app on suspicions of the retail platform’s false advertising and other unfair business practices, officials said Monday. The Fair Trade Commission (FTC) recently sent documents to Temu for a probe to see if it violates South Korea’s [...]
SEOUL, Jan. 16 (Korea Bizwire) — 11Street Co., a South Korean e-commerce company, said Tuesday it has filed a complaint with the anti-trust regulator over its bigger rival Coupang, Inc.’s alleged unfair practices. New York-listed Coupang has recently released the comparison between the maximum commission rates it receives from its product suppliers and competitors’ rates [...]
SEOUL, Dec. 19 (Korea Bizwire) — The startups ministry said Tuesday it will ask the antitrust regulator to file a complaint with the prosecution against Kakao Mobility Corp., the operator of the country’s top taxi-hailing service, on charges of unfair business practices. Kakao Mobility is suspected of manipulating its algorithm to give more of the calls received on its mobile taxi application to cabs under [...]
SEJONG, Nov. 7 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has launched a fact-finding effort concerning Google’s alleged unfair practices, which include monopolizing the digital advertising market and engaging in ‘gapjil,’ a term referring to an arrogant and authoritarian attitude or actions by individuals or businesses in positions of power. According to industry [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to reject U.S. chipmaker Broadcom Inc.’s proposal to voluntarily correct its unfair business practices with 20 billion won (US$15.5 million), ruling in favor of Samsung Electronics Co. Broadcom made the proposal in January as the Fair Trade Commission (FTC) has [...]
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 [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s corporate watchdog is probing U.S. tech giant Apple Inc.’s practice of shifting the cost of advertisements to local mobile carriers, industry sources said Tuesday. South Korea’s three mobile carriers started television advertisements for the iPhone 8 earlier this month. According to the sources, local mobile carriers currently [...]