The fruity cargo cult Apple is seeing its star descend rapidly in the Far East as the South Koreans open an antitrust investigation into its doings.
South Korea’s Fair Trade Commission (FTC) has confirmed it is investigating “some matters” relating to tech giant Apple.
The head of the anti-competition body Jeong Jae-chan told during a parliamentary hearing that he was currently investigating Jobs’ Mob without going into any other details.
Jeong declined to comment on the specifics of the regulator’s investigation when asked to do so by a South Korean lawmaker.
Domestic media reports said earlier this month the FTC was reviewing details of the U.S. firm’s contracts with South Korean mobile telecoms carriers, so it might have something to do with Apple’s deal with one of them.
Apple’s deals with carriers were the mainstay behind its success in the US and worldwide. Lately, telcos have been less keen on subsidised phone packages as a way of helping line sales.