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SK, KT, LG penalized for colluding to cut rental fees

Korea’s three dominant telecom firms - SK Telecom, KT and LG Uplus - have been fined 20 billion won ($15 million) for colluding to reduce costs for renting locations that house their equipment, which the Fair Trade Commission (FTC) said Thursday was an unfair act caused by their oligopolistic influence. ....

Soult Ukpyolsi , South Korea , Fair Trade Commission , Sk Telecom , South Korea , He Korea Times , Orea Times , Orean News In English ,