anti-trust investigations of 6 South Korean portals
May 10th, 2007 by Gen KanaiI’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.
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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.