A PYMNTS Company

Apple Tries To Right Antitrust Wrongs In South Korea

By  |  June 18, 2020

South Korea’s antitrust regulator announced on Thursday, June 18, that it has decided to allow Apple Korea to map out a set of measures to address its anti-competitive business practices there, a move that could end a dispute over its alleged violation of competition law.

    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.

    The Fair Trade Commission stated it will review detailed corrective measures drafted by Apple Korea and decide whether to approve them.

    Under the law, an applicant is required to state a correction scheme necessary to restore competition practices or to improve business practices, and to remedy or prevent damage to consumers and other business entities.

    As part of corrective measures, Apple Korea has proposed holding consultations with South Korean mobile phone carriers to reduce their burden and share the cost related to advertisements.

    Apple Korea is accused of having required SK Telecom, KT, and LG Uplus to pay the cost of television advertisements and warranty service for its iPhones.

    The Commission has stated Apple holds a clear advantage over local mobile carriers and that handing over the cost of advertisements is only another means to squeeze the profits of the carriers.

    Full Content: 9 to 5 Mac

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