The Handbook of Competition Enforcement Agencies 2016

Korea

11 September 2016

Established in 1981, the Korea Fair Trade Commission (the KFTC) is the agency in charge of enforcing the antitrust law and policy of Korea. The KFTC consists of the Secretariat, which conducts investigations into charges of violation of the laws and regulations relating to antitrust and fair trade; and the Commission (on which nine members sit in total), which, based on review of the Secretariat’s investigations, determines, inter alia, any violation of the relevant laws and the level of sanctions to be imposed.