FTC

Retail Asia13/01/2022

The Federal Trade Commission (FTC) has been trying to break up Meta for quite some time now, due to alleged anti-competitive practices the company did: pretty much, the act of buying rising possible competitors Instagram and WhatsApp has been considered as anticompetitive by the FTC. It had filed a lawsuit last year, and the “amended […]

Retail Asia19/02/2020

South Korean convenience-store operator BGF Retail has been fined for pushing exorbitant sales promotion costs onto its suppliers. The firm was ordered to pay KRW1.67 billion (US$1.4 million) for its breach of the Act on Fair Transactions in Large Retail Business, according to a report in The Korea Times. While the act forbids any retailer […]

Retail Asia27/05/2019

A couple of days ago we told you that the Federal Trade Commission (FTC) could be days away from announcing a fine against Facebook in the amount of $3 billion to $5 billion. The FTC is trying to decide how much to punish Facebook and is negotiating a settlement with the company. While there have been a […]

Retail Asia10/05/2019

After word got out last year that 87 million Facebook members had their profiles sold to political consultant Cambridge Analytica without permission, the Federal Trade Commission started an investigation. After all, this action violated an FTC consent decree that Facebook signed off on back in 2011, promising not to use subscribers’ personal data without consent. Facebook announced […]

Retail Asia25/01/2019

Korea’s antitrust body is examining the practice of retailers unfairly shifting distribution costs to their suppliers. The Fair Trade Commission (FTC) has started evaluation proceedings against Lotte Mart for transferring this burden and charging an onward transportation fee after a product has been delivered. The regulator could fine the retailer 400 billion won ($353.92 million) if […]

Retail Asia24/01/2019

Korea’s corporate watchdog claimed Apple Korea has bargaining power over local mobile carriers and that it has reaped unfair profits from them in a statement Monday. According to the Fair Trade Commission (FTC), experts called in by the antitrust body said Apple Korea exploited its market position to place part of its advertising costs on […]

Retail Asia18/12/2015

Apple Korea has found itself under the spotlight in South Korea over its repair contracts. South Korea’s antitrust watchdog Fair Trade Commission (FTC) said today it is checking possible unfair provisions in contracts signed between Apple Korea and local electronic repair companies. The FTC did not elaborate on details but said it confirmed there were […]

Tag: FTC

The FTC’s attempts at splitting up Meta are continuing

South Korea’s CU fined US$1.4 million for unfair trading

Senators want FTC to send a Massive Fine to Facebook

Facebook expects to be hit hard by the FTC

Lotte Mart’s distribution fees scrutinized

Apple took unfair profits: Korea FTC

Apple Korea faces antitrust probe