Author: 21st Century Competition

South Korea: State power monopoly suspected of unfair activities (Competition Policy International)

South Korean competition authorities are reportedly probing the Korea Electric Power Corp., a state-run utility, over suspicions of anticompetitive behavior, according to insider sources.

Reports say the Fair Trade Commission raided offices of KEPCO and affiliated units earlier this week. Details are scarce but reports say the investigation centers on possible …read more

Global: Google has $30B in offshore cash for acquisition targets (Competition Policy International)

Google reportedly has as much as $30 billion in cash outside of the US that it could use for mergers and acquisitions, the company said in a filing with the Securities and Exchange Commission.

”We continue to expect substantial use of our offshore earnings for acquisitions as our global business has …read more

UK: Labour Party wants Ofgem included in CMA energy inquiry (Competition Policy International)

Shadow energy and climate change secretary Caroline Flint has reportedly sent a letter to the UK’s Competition and Market Authority asking the authority to include energy watchdog Ofgem in its inquiry into the energy industry ahead of the CMA’s decision on whether to open a formal market probe or not.

Reports …read more

US: FCC’s Wheeler grilled at House subcommittee hearing (Competition Policy International)

According to reports, the head of the Federal Communications Commission, Tom Wheeler, approached the Obama Administration to discuss the debate over net neutrality rules before the FCC announced its proposals last week.

Reports say Wheeler answered questions Tuesday during a House Communications Subcommittee hearing. The hearing commented on topics ranging from …read more