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

EntertainmentASTRO’s Cha Eun Woo Shares Buzz Cut Photos as He Begins South Korea Military Service

EntertainmentK-Drama Star Kang Seo-ha Passes Away at 31 After Long Battle With Cancer

EntertainmentSouth Korean Actor Kim-Soo-Hyun Sells His Seoul Apartment For 8 billion KRW Amid Dating Scandal

EntertainmentThe Nice Guy K-Drama OTT Release: All You Need To Know About Lee Dong-wook’s Latest Series

TechnologyIT Layoffs 2025: Microsoft, Google, Apple Among 284 Tech Companies That Cut Jobs in First 5 Months

Technology Realted Stories

TechnologyFinolex Industries Q1 profit crashes 80 pc YoY, revenue down over 8 pc

TechnologyTop 10 largest firms shed Rs 1.35 lakh crore in a week; IT firms lead losses

TechnologyChatGPT may face capacity crunches ahead of GPT-5 launch: Sam Altman

TechnologyCentre-State partnership must to attract investment and industrialisation: Top official

TechnologyFPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane