A new report today claims that an Apple executive attempted to “physically” deter a Korean antitrust probe by an investor. It also alleges that the company hampered an investigation by the country’s official regulator.
The Korea Fair Trade Commission (KFTC) said that it intends to fine Apple for obstructing its investigation, and refer the company for prosecution.
South Korea’s antitrust regulator said Wednesday it has decided to refer the local unit of US tech giant Apple Inc. and one of its executives to the prosecution for allegedly impeding the regulator’s probe into unfair business practices.
The Korea Fair Trade Commission (KFTC) also said it plans to fine Apple Korea 300 million won ($265,000) for hampering its investigation, reported The Korean Herald.
Apple blocked internet access and did not restore it in an attempt to impede the KFTC’s on-site investigation in June 2016 into the company’s unfair business activities, according to the KFTC.
The company refused to submit documents on network disruption to the antitrust regulator, and one of its executives physically attempted to deter an investor’s related probe in November 2017.
Featured News
Musk’s X Requests Brazil Supreme Court to Resume Service After Shutdown
Sep 26, 2024 by
CPI
Visa Acquires AI Firm Featurespace to Enhance Fraud Prevention
Sep 26, 2024 by
CPI
Visa Gears Up for Legal Fight with DOJ Over Debit Card Monopoly Allegations
Sep 26, 2024 by
CPI
UFC Fighters’ Lawsuit Settlement Resurfaces with $375 Million Offer
Sep 26, 2024 by
CPI
Ex-Amazon Seller Appario Files Lawsuit to Dismiss Antitrust Allegations
Sep 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández