What Monopoly Regulation and Fair Trade Act, Act No. 17386, as Amended by Act No. 17386 on December 4, 2020 requires
The Monopoly Regulation and Fair Trade Act (MRFTA) prohibits abuse of a market-dominant position, unfair trade practices, and anti-competitive mergers in South Korea. It applies to all enterprises operating in Korea, with heightened scrutiny for large conglomerate groups (chaebols) under Article 2(4) and Article 3. The Korea Fair Trade Commission (KFTC) enforces compliance under Articles 11-19.
Pillar: Competition & Antitrust · Authority: Korea Fair Trade Commission (KFTC) · Version: 1.0.0 · Last updated:
Primary source: https://www.ftc.go.kr/eng/contents.do?key=233
SHA-256 integrity: 348e1eecc56cab6d7d04750d711a2da6955c24ab213b624f129b879b77a372c1
Primary Citations — 7 traced to source
- Monopoly Regulation and Fair Trade Act, Article 2(4) - Definition of Market-Dominant Enterprise
- Monopoly Regulation and Fair Trade Act, Article 3(1) - Prohibition of Abuse of Market-Dominant Position
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