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The Latest Breaking News from KFTC

Korea's Fair Trade Commission reportedly raids Arm's Seoul office amid Qualcomm licensing dispute — stems from allegations of unfair market practices

The raid is purportedly tied to Qualcomm's allegations of unfair market practices by Arm in several jurisdictions.

Tom’s Hardware

Record-Breaking 'MapleStory' Fine Could Threaten a Controversial Video Game Genre

Nexon was hit with a record fine over in-game purchases in 'MapleStory' as more gacha regulations are being proposed elsewhere.

Inverse

Nexon fined almost $9 million for allegedly changing probability structure of certain items in MapleStory without informing players

Nexon is facing a fine of 11.6 billion won for allegedly misleading its customers by altering the probability structure of ‘Cubes’ in MapleStory.

TechRadar

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Nexon fined nearly $9M for falsifying loot box drop rates

The fine is the largest ever imposed for a violation of South Korea's Consumer Protection in Electronic Commerce Act.

PC Gamer

Google fined for unfairly competing with rival app store

Google gets hit with a multimillion-dollar fine for anticompetitive practices in South Korea.

TechRadar

South Korea Fines Google $32 Mln for Blocking Games on Competing Platform

South Korea's antitrust regulator has fined Alphabet Inc's Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor's platform. The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store's revenue and…

Asharq Al-Awsat

S. Korea Fines Mercedes, BMW, Audi For Colluding To Manipulate Diesel Emissions

The German automakers were given a combined fine of more than $33 million.

Motor1

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Tesla Fined $2.2M In Korea For Exaggerating Cold Weather Range

Tesla had allegedly exaggerated the "driving ranges of its cars on a single charge" and "their fuel cost-effectiveness compared to gasoline vehicles."

InsideEVs

Tesla may be lying about mileage range estimates, South Korea says

South Korea's antitrust regulator is conducting an official investigation into whether or not Tesla has been inflating its estimates.

Organisations

The Korea Economic Daily

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