Yonhap News AgencyApril 14, 2014 06:47
By Kang Yoon-seung
SEOUL, April 14 (Yonhap) -- South Korea's antitrust watchdog said Monday it fined KT Corp., the country's top fixed-line operator, 2.08 billion won (US$2 million) for forcing an unjust contract on a local electronics manufacturer.
According to the FTC, KT placed orders for 200,000 units with an initial production of 30,000 units of a low-end tablet PC, named the K-PAD, in 2010 from Enspert. KT was hurrying to release the product in the market before SK Telecom, its industry rival in the mobile carrier business, released Samsung's tablets.