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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Fortune 500

South Korea Says It’s Investigating Google for Anti-Competitive Behavior

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Michelle Toh
Michelle Toh
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Michelle Toh
Michelle Toh
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August 12, 2016, 12:19 AM ET
A woman works on her computer as on the
FRANKFURT/MAIN, Germany: A woman works on her computer as on the wall behind is seen the logo of web search engine Google at Frankfurt's international book fair, on 23 October 2005, the fair's last day. South Korea is the guest of honour at the 57th annual Frankfurt Book Fair and has brought out 62 authors to Germany to introduce them to the western public. Some 270.000 people are expected to visit the world's most important book fair, and 7000 exhibitors from 100 countries are present. AFP PHOTO DDP/TORSTEN SILZ GERMANY OUT (Photo credit should read TORSTEN SILZ/AFP/Getty Images)Torsten Silz — AFP/Getty Images
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South Korea’s antitrust regulator said on Friday it is looking into whether Google (GOOG) has violated the country’s anti-competition laws, acknowledging formal scrutiny of the global internet search company for the first time.

The Korea Fair Trade Commission (KFTC) disclosed the investigation in a brief statement, without commenting on the nature of the probe nor any potential antitrust violations. A person familiar with the matter told Reuters last month the KFTC inspected Google‘s Seoul headquarters in July.

The antitrust body’s statement came after a local media report said the KFTC had decided to clear Google of anti-competition charges involving the pre-loading of the company’s apps on smartphones running on the Android operating system.

See also: Bill Maris Steps Down as CEO of Google Ventures

Google, whose corporate parent is Alphabet, declined to comment.

While it wasn’t clear whether the probe would lead to any formal charges, the investigation opens another regulatory front for Google. The firm was fined $6.8 million in Russia on Thursday and faces multiple European Union antitrust charges.

The KFTC has investigated Google before. In 2013, the regulator cleared Google of wrongdoing following a probe into whether the company hurt competition by forcing smartphone makers using Android to pre-load its search engine on the handsets.

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