South Korea fines 3 mobile carriers $25M for 'unfair advertising'
Korea Fair Trade Commission says companies advertised their 5G network speed was faster than competitors without evidence
By Alperen Aktas
ISTANBUL (AA) - South Korean authorities on Thursday imposed a fine of 33.6 billion won ($25.06 million) on three mobile telecommunication companies over alleged unfair advertising.
The Korea Fair Trade Commission (KFTC) in a statement said the South Korean firms – SK Telecom, KT, and LG Uplus – advertised that their 5G network speed was faster than competitors without evidence.
The antitrust regulator said it presented evidence of false advertisements to a local court, in support of ongoing civil lawsuits.
Three civil lawsuits filed by consumers are currently pending at the Seoul Central District Court.
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