Antitrust Antitrust

Medtronic Korea fined by KFTC for restricting competition in medical equipment market

By Wooyoung Lee
  • 27 Jun 2020 22:30
  • 26 Jun 2020 00:36
Medtronic Korea, a South Korean business of US medical device company Medtronic, was fined 270 million won ($225,221) by Korea Fair Trade Commission, or KFTC, today for restricting competition in the medical equipment market and the autonomy of local distributors to set prices and places of supply.
The company was

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Wooyoung Lee

Correspondent, Seoul

Wooyoung Lee is a correspondent based in MLex’s Seoul office, South Korea, covering antitrust, privacy and data security, mergers and acquisitions and financial services. Wooyoung has more than a decade of experience in journalism, public policy and research. She has worked and written for news outlets including The Korea Herald, Al Jazeera International, Bloomberg BNA, Monocle, among others.

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