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South Korea

South Korea Raids Naver Over Allegedly Abusing Market Position

Prosecutors raided the office of Naver, South Korea's largest internet portal giant, Friday over its alleged abuse of its market dominant position in dealing...
South Korea

Korean Watchdog Fines 11 Steelmakers

Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 256.5 billion won ($197.5 million) on the country's No. 2...
Payments Platform

South Korea Probes App Store Giants Over In-App Payments

South Korea's telecommunications regulator said on Tuesday it plans to launch an investigation into app store operators such as Apple, Alphabet's Google and One...
South Korea

South Korean Authorities Raid Terra Co-Founder’s Home

South Korean prosecutors have raided the home of Daniel Shin, co-founder of Terraform Labs, as authorities there continue a probe into illegal activity behind...
South Korea

South Korean Antitrust Chief Nominee Apologizes After Sexual Harrasment Claims

The nominee for the position of South Korea's antitrust chief apologized on Monday, July 4th, over allegations he sexually harassed students while teaching at...
Crypto

South Korea Allies With US On Crypto Related Crimes

South Korea and the US have agreed to enhance cooperation between the two countries’ law enforcement agencies in response to digital crimes related to...
Apple

Apple Enables Third-Party Payments in South Korea

Apple is now allowing third-party payments in South Korea in response to a new law requiring major app stores to allow alternative payment methods,...
South Korea

South Korea Watchdog Fines Six Logistic Firms

South Korea's antitrust regulator said Tuesday it has decided to impose a combined 6.53 billion-won (US$5.06 million) fine on six logistics firms for fixing...
Price-Fixing

South Korean Regulator Probes Shippers’ Alleged Price-Fixing Of Japan Routes

South Korea's Fair Trade Commission began reviewing possible punitive measures against a number of shippers over their alleged collusion in fixing freight rates for...
South Korea

South Korea Fines Chicken Producers For Price-Fixing

Poultry meat processors have been fined for collusion in South Korea’s native chicken meat market. Earlier this month, the Fair Trade Commission imposed fines totaling...
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