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South Korea: Apple proposes settlement agreement with regulator

By  |  July 4, 2019

Korea’s Fair Trade Commission has announced that it has suspended its antitrust investigation into Apple while that company’s application for consent decree is being considered. The process means Apple voluntarily offering to take remedial actions to redress the accusations it faces of abusing its relationship with mobile carriers in the country.

According to Korean publication Pulse, Neither the KFTC nor Apple have disclosed what steps the company is offering to take. However, it is to do with the ongoing case where Apple Korea has allegedly been unfairly offsetting costs from both its advertising business, and its free repair service, onto the local carriers SK Telecom, KT and LG Uplus.

The KFTC investigation dates back to 2016 and has included raids on Apple offices.

Full Content: Pulse News

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