City
Epaper

S Korea plans to fine Apple $265,000 for hampering probe

By IANS | Updated: March 31, 2021 09:35 IST

Seoul, March 31 South Korea's corporate watchdog said on Wednesday that it has decided to refer the local ...

Open in App

Seoul, March 31 South Korea's corporate watchdog said on Wednesday that it has decided to refer the local unit of Apple and one of its executives to the prosecution for 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 the watchdog's related investigation.

Apple Korea was probed by the KFTC over allegations that it required the country's three mobile operators to pay the cost of television advertisements and warranty service for its iPhones.

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 corporate watchdog, and one of its executives physically attempted to deter an investor's related probe in November 2017, reports Yonhap news agency.

Last month, the watchdog approved Apple's proposal to address antitrust business practices and support measures for consumers and small firms.

But the regulator decided to separately take stern actions against the company's probe obstruction.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Fair Trade CommissionappleseoulSouth KoreaSupport companyApple educationRepublic of koreaApple app storesStoreApple india store onlineIhha
Open in App

Related Stories

EntertainmentBTS Make Grand Comeback With Concert in Seoul After 4 Years; Fans React on X

InternationalSouth Korea Halts Military Live-Fire Drills After Child Hit by Suspected Stray Bullet in Daegu

EntertainmentQueen of Tears Actor Kim Soo Hyun Set For 2026 Release Amidst Dating Scandal With Kim Sae Ron?

MumbaiApple Opens Second Mumbai Store at Sky City Mall, Borivali; Expands Retail Presence in India

EntertainmentHappy Birthday V: BTS’ Kim Taehyung Celebrates His 30th Birthday; Members Pour in Heartfelt Wishes

Technology Realted Stories

Technology21 states carrying out press briefs to counter misinformation around LPG: Centre

TechnologySAIL provides 4,000 tonnes of steel for 'INS Taragiri' warship

TechnologyIndia clocks unprecedented foodgrain output, boosts institutional support to farmers

TechnologyISRO chief praises NASA's Artemis II mission, says 'hopeful of grand success'

TechnologyIndia among top countries using Hormuz route to move oil tankers amid tough times