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Google fined ￦207 billion for squeezing competition

Korea's antitrust agency fined Google 207.4 billion won ($177 million) for using the success of its mobile operating system (OS) to limit competition.

2021-09-14

Kakao founder Kim Beom-su feeling pressure

Kakao founder Kim Beom-su is in trouble with the antitrust agency for omitting key information about the de facto holding company K Cube Holdings in regulatory filings, according to local media reports Monday.

2021-09-13

FTC fines LG Household for cheating stores

LG Household & Healthcare is accused of abusing its power over franchise branches of The Face Shop by failing to keep commitments about discount events.

2021-09-12

Audi VW fined for emissions fiddling again

FTC fined Audi Volkswagen 831 million won for false advertising about its cars' emissions, the second time in five years. Italian automaker Stellantis, manufacturer of the Jeep, Peugeot and Fiat brand, was fined 231 million won for the same thing.

2021-09-08

Value of M&As jumped 48.7% on-year in first half: FTC

Korea's antitrust regulator said Sunday the value of corporate mergers and acquisitions (M&As) jumped 48.7 percent on-year in the first half, led by deals by large business groups.

2021-09-05

FTC says founders' families still hold big stakes, sway

The Fair Trade Commission (FTC) said while shareholdings controlled by heads of conglomerates and their relatives seemed to shrink in some of the companies they control, their real power has not weakened.

2021-09-01

KT Skylife's acquisition of Hyundai HCN approved

KT Skylife has received approval from the Fair Trade Commission (FTC) for the acquisition of Hyundai HCN, bringing to a close a transaction that began in October. The regulator has attached seven conditions to the approval, including ...

2021-08-24

Coupang fined for pushing suppliers around

Coupang was slapped with a 3.3 billion won ($2.8 million) fine for pressuring suppliers to raise prices of products on competing e-commerce platforms so its prices would be more competitive.

2021-08-19

Hyundai Genuine can acquire Doosan Infracore: FTC

The Fair Trade Commission (FTC) on Tuesday approved Hyundai Genuine, the parent company of Hyundai Construction Equipment, acquiring 34.4 percent of Doosan Infracore, a construction machinery maker, for 850 billion won ($760 million).

2021-07-27

Delivery Hero gets more time to sell Yogiyo

The Fair Trade Commission on Thursday said it would extend the deadline on the sale of Yogiyo to Jan. 2 as current circumstances made it difficult to meet the initial deadline of Aug. 2.

2021-07-22

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