Korea Joongang Daily
Korea JoongAng Daily

FTC approves Microsoft acquisition of Activision Blizzard

Korea’s antitrust regulator greenlit Microsoft’s acquisition of Activision Blizzard, one of the biggest deals ever in the video game industry.

2023-05-30

FTC imposes hefty fines on big 3 for dodgy 5G claims

The financial watchdog imposed a combined 33.6-billion-won ($25.5 million) penalty and corrective orders on the country’s three largest telecom operators Wednesday for their misleading advertisements regarding 5G network speeds.

2023-05-24

FTC clears UBS-Credit Suisse deal

Korea’s antitrust regulator gave a green light on the UBS Group’s takeover of Credit Suisse, the regulator said Thursday. UBS, the largest Swiss bank, filed for the merger and acquisition on April 25 after signing the contract on April 6.

2023-05-18

FTC conditionally approves Hanwha acquisition of DSME

Korea's antitrust regulator approved the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) on the condition that the parties won’t engage in anticompetitive behavior in military shipbuilding.

2023-04-27

HYBE falls short of annual chaebol list for lack of assets

HYBE's total assets do not exceed 5 trillion won ($3.7 billion), according to a report by the Fair Trade Commission on Tuesday. The K-pop powerhouse behind BTS, Seventeen and NewJeans reported total assets of 4.8 trillion won. Eighty-two companies...

2023-04-26

Top court upholds record trillion-won FTC fine against Qualcomm

Korea’s top court upheld an antitrust ruling against Qualcomm Thursday, agreeing with the Fair Trade Commission decision to fine the U.S. chip company a record 1 trillion won ($761 million) for unfair business practice.

2023-04-13

Supreme Court upholds FTC's 1-trillion-won fine on Qualcomm

The Supreme Court of Korea on Thursday morning ruled in favor of the Fair Trade Commission (FTC)'s fine of over 1 trillion won ($761 million) imposed on Qualcomm in 2016 for unfair business practice. The FTC had imposed the fine of 1.03 trillion...

2023-04-13

Korea's antitrust regulators take aim at tech, promises reform

Korea's antitrust regulators are focusing on tech-sector abuses as the volume of digital transactions increases.

2023-03-20

[Column] Almighty Fair Trade Commission

The agency must not use the power to forcibly discipline private companies.

2023-03-07

Telecom investigation

A cellphone retailer in Seoul on Monday is undergoing investigation by the Fair Trade Commission (FTC). The commission began its investigation into three telecommunication companies — SK Telecom, LG U+ and KT — and six commercial banks including...

2023-02-27