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South Korea Pins Down Mobile Carriers For Collusion

Law360 (May 19, 2006, 12:00 AM EDT) -- Sticking three South Korean wireless operators with the first fine of its kind, Korea’s Fair Trade Commission has penalized three mobile carriers a total of $1.8 million for price collusion.

The Commission said SK Telecom Co., LG Telecom Co. Ltd., and KTF, a subsidiary of KT Corp., participated in unfair business activities in 2004 by deciding to stop their flat-rate service after facing stiff competition in the wireless market when customers were able to switch service providers while keeping the same phone number, referred to as...
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