South Korea’s antitrust regulator stated Tuesday, July 28, it has given Apple Korea another month to announce a set of measures to address its anti-competitive business practices.
The South Korean Fair Trade Commission ordered the local unit of global tech giant Apple on June 17 to come up with its own steps to correct those practices within a month.
Apple Korea is accused of having required the country’s three mobile operators — SK Telecom, KT Corp., and LG Uplus — to pay the cost of television advertisements and warranty service for its iPhones.
“The deadline has been delayed by another month to hold more discussions (between Apple Korea and the kFTC) on details,” a Commission official said.
Full Content: Yonhap News Agency
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI