Streaming services ordered to change refund terms

It has ordered six online video streaming service or over-the-top providers — Netflix, Wavve, Tving, Seezn, Watcha and YouTube — to change their terms of service.

2021-01-27

Food delivery monopoly thwarted by Fair Trade Commission

Delivery Hero will have to divest itself of Yogiyo, the Fair Trade Commission (FTC) ruled in approving the German company’s acquisition of Baedal Minjok, ending the possibility that a monopoly will exist in the food delivery business

2020-12-28

Fair Trade Commission announces 13 billion won in fines for public disclosure violations

As of May, 108 companies within 37 conglomerates had been fined a collective 13.1 billion won for violating public notification requirements, including major internal business deals among affiliates, according to the Fair Trade Commission (FTC).

2020-12-27

Logistics firms fined 5.4 billion won in price-fixing scheme

FTC has fined 11 companies — including the nation's top two logistics firms, CJ Logistics and Lotte Global Logistics — a total of 5.4 billion won ($5.0 million) for colluding on the bidding price of imported agricultural products.

2020-12-06

Hi-Mart fined for misusing workers sent by suppliers

Lotte Hi-Mart electronics store was hit with a 1-billion-won ($908,000) fine for mistreating workers seconded from its suppliers, including forcing them to sell electronic goods from other brands, the Fair Trade Commission (FTC) said Wednesday.

2020-12-02

DSME fined ￦15.3 billion for mistreating subcontractors

Daewoo Shipbuilding & Marine Engineering (DSME) was hit with a 15.3-billion-won ($13.8 million) fine for mistreating its subcontractors, including forcing them to accept contract prices below labor cost, the Fair Trade Commission (FTC) said Sunday.

2020-11-29

LNG tech monopoly fined by FTC for abusing dominant position

The Fair Trade Commission (FTC) on Wednesday said Saint-Rémy-lès-Chevreuse, France-based Gaztransport & Technigaz (GTT) was fined 12.5 billion won ($11.3 million) for the violation.

2020-11-25

Korean Air-Asiana deal is already getting FTC scrutiny

Korea’s grand plan for a mega flag carrier is hitting more roadblocks, with regulators frontloading scrutiny and already saying that the proposed entity might run afoul of competition law.

2020-11-22

FTC says electric scooter firms are responsible for accidents

Electric scooter-sharing companies will be held responsible for injuries or damages caused by their scooters, according to new rules laid out by the Fair Trade Commission (FTC).

2020-11-17

Food delivery monopoly ordered dismantled by the FTC

The Fair Trade Commission (FTC) Monday issued conditional approval for the acquisition of Baedal Minjok by Berlin’s Delivery Hero, but only if it sells off Yogiyo first.

2020-11-16

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