South Korea’s antitrust agency has realigned the ICT task force team to toughen its watch over multinational and domestic platform and streaming services in line with their ever-enlarging proliferation, reported Pulse News.
The Fair Trade Commission (KFTC) Thursday announced its new digital market response team with expanded roles and responsibility. The previous ICT task force team that formed in November 2019 has imposed sanctions against Google’s market power abuse, and Naver’s shopping and video search algorithm manipulation for favoring affiliated contents and products.
The latest realignment is to better respond to the fast-changing digital market beyond the earlier focus on correcting the abusive market dominance by large platform operators.
For systematic and structural response, the KFTC formed the new team with five departments responsible for digital monopolization, unfair business arrangements, customer protection, digital international cooperation and market communication.
The digital monopolization department will prevent and monitor any preferential treatment for affiliated contents or others by platform operators and practices unfair to competitors. Review of Google’s interference in Korean game developers service launch on other app stores and Kakao Mobility’s preferential treatment of its Kakao-membership taxis will soon be completed, the KFTC said.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Landmark Monopoly Trial Between DOJ and Google Wraps Up
May 2, 2024 by
CPI
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Healthcare Pricing
May 1, 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