anti-trust investigations of 6 South Korean portals

May 10th, 2007 by Gen Kanai

I’ll be keeping my eye on this news coming out of Seoul.

Wed May 9, 7:18 AM ET SEOUL (AFP)

The Fair Trade Commission (FTC) started the inquiry into six operators including NHN Corp, Daum Communications and SK Communications Co, Yonhap news agency said.

NHN officials confirmed that officials came to their offices. “It is not targeted at a few portal operators but the whole industry,” a NHN spokesperson was quoted as telling Yonhap.

FTC officials declined to comment, saying they will hold a press conference Thursday.

The six are suspected of fixing prices for advertisements and imposing a ceiling on payments to content providers.

SKorea’s Internet portal operators under anti-trust probe

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