Ahead of the “super-premium” iPhone X launch in South Korea, regulators have reportedly raided Apple’s offices in Seoul.
According to a report in London-based Metro late on Thursday, November 23, the raid was likely to raise questions about whether South Korean authorities are trying to hamper the success of the iPhone X. The iPhone X went on sale in the country on Friday.
“Investigators visited Apple’s HQ earlier this week to ask questions about its business practices ahead of the launch of the smartphone,” the report said.
The Korea Fair Trade Commission has been accused of protecting local companies against competition from Apple and others. Apple products are very popular in South Korea which is home to Samsung and LG.
In 2016, the investigators began a probe in a bid to discover whether Apple struck “unfair” contracts with local phone networks.
“It’s understood the latest raid is part of this ongoing probe, which was launched just months after the American firm took action to address officials’ concern about other aunfair’ contracts with South Korean firms commissioned to repair iPhones and other gadgets,” the report said.
Full Content: BGR
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI