S.Korean watchdog tells Apple to fix anti-competitive practices

Seoul: South Korea’s antitrust regulator stated on Tue. it’d given Apple Korea the other mo to announce a set of steps to address its anti-competitive business practises within the nation.

The Fair Trade Commission instructed the regional unit of Apple to come up with its steps to correct those practises in a mo.

Apple Korea is charged of having needed the nation’s 3 mobile operators — SK Telecom Co, KT Corp & LG Uplus Corp — to pay the cost of TV advertisements & warranty service for its iPhones.

“The deadline was delayed by the other mo to hold extra discussions (between Apple Korea & the FTC) on information,” a commission officer has been quoted as informing.

Apple Korea & the antitrust regulator are allegedly fine-tuning the information after agreeing on a broad framework for the firm’s corrective schedule, records Yonhap press agency.

Previously, Apple Korea proposed holding consultations with South Korean smart phone carriers to lessen their own load & distribute advertising costs.

Apple Korea also recommended it’d put forward steps to ease different unfair business practises with the smart phone carriers & to create a fund meant for mutual benefits of appropriate parties, involving users.

The commission has stated Apple holds a evident advantage over regional mobile carriers & that handing over the cost of advertisements is only the other means to squeeze their own profits.

The FTC officer said the 2 sides would come up with a preliminary corrective scheme in late Aug & hear opinions from that interested parties & govt govt departments before the commission’s final sanction.