South Korea’s Fair Trade Commission (FTC) is investigating “some matters” relating to Apple, reports Reuters. Speaking at a parliamentary hearing on Tuesday, FTC Chairman Jeong Jae-chan declined to comment on the specifics of the regulator’s investigation when asked to do so by a South Korean lawmaker, the article adds.
Domestic media reports have reported that the FTC was reviewing details of the U.S. firm’s contracts with South Korean mobile telecoms carriers. The commission is South Korea’s regulatory authority for economic competition. It was established in 1981 within the Economic Planning Board.
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