South Korean telcos accused of collusion, may face fines of $4bn
Total Telecom
OCTOBER 11, 2024
News SK Telecom (SKT), KT, and LG Uplus allegedly coordinated to keep their sales incentives at the same level This week, South Korea’s Fair Trade Commission (FTC) has announced a preliminary decision to impose fines of up to $4.1 billion on the nation’s three telco giants. SK Telecom, KT, and LG Uplus are accused of sharing internal information with each other between 2015 and 2022, allegedly to align their sales incentives paid to mobile phone retailers.
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