ANTITRUST RAID ON GOOGLE IN SK
07 Sep, 2011
Antitrust regulators raid Google offices in South Korea
According to the Financial Times and Reuters, Google’s offices in Seoul, South Korea were raided this week (Sept 6th) by antitrust regulators.
Reports say that the internet search company has agreed to cooperate with the Korean Fair Trade Commission (KFTC), after the reported raid, which is reportedly in reference to antitrust investigations that Google is facing in Korea, Europe and the US.
According to the BBC, internet companies in South Korea have claimed that Google is ‘stifling competition’, alleging that it doesn’t allow ‘fair competition in the mobile search market’.
In a statement, Google said: “We will work with the KFTC to address any questions they may have about our business.”