A PYMNTS Company

South Korea: State power monopoly suspected of unfair activities

By  |  May 21, 2014

South Korean competition authorities are reportedly probing the Korea Electric Power Corp., a state-run utility, over suspicions of anticompetitive behavior, according to insider sources.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports say the Fair Trade Commission raided offices of KEPCO and affiliated units earlier this week. Details are scarce but reports say the investigation centers on possible collusive agreements made between themselves.

    The units also searched are Korea East-West Power Co. and Korea Weaternpower Co.

    Reports did not say whether the FTC or KEPCO confirmed or denied the searches.

    Full content: Global Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.