Organisation: Korea Fair Trade Commission

Hee Jae Lee, who served in several high-ranking positions at Korea’s Fair Trade Commission, has joined Yoon & Yang as a partner in Seoul.

09 August 2023

A Korean drugmaker broke competition rules by bribing healthcare professionals with cash and gifts to prescribe patients with its products, the country’s antitrust watchdog has said.

07 August 2023

GlaxoSmithKline and 31 other companies in the vaccine sector are facing fines of €28.6 million from Korea’s Fair Trade Commission for rigging bids to supply the government’s National Immunisation Programme.

21 July 2023

Antitrust enforcers in Greece, Spain, South Korea and Hong Kong have raided companies this week as part of separate individual investigations into electricity distribution, securities and wholesale fish markets.

23 June 2023

South Korea’s transport minister has urged the country’s flag carrier to address concerns raised by competition authorities still investigating its proposed €1.31 billion acquisition of rival Asiana Airlines.

20 June 2023

Korea’s Fair Trade Commission has reportedly raided the country’s four largest banks for the second time this year over suspicions they colluded on loan rates.

15 June 2023

Korea’s Fair Trade Commission has rejected Broadcom’s commitment offer in an abuse of superior bargaining position probe, reversing a decision from its case examiner for the first time and exposing the company to hefty fines.

13 June 2023

Senior officials at competition authorities in Korea, Japan and Singapore have said they are struggling to hire data scientists and economists to assist with their work in online markets, although the latter enforcer still plans to set up a new digital unit in the coming months.

08 June 2023

Korea’s Fair Trade Commission has decided not to fine a healthcare company that illegally forced resellers to adhere to minimum online prices for facemasks during the covid-19 pandemic, continuing its approach of issuing corrective orders for resale price maintenance.

18 May 2023

The public prosecutor in Seoul has accused eight companies and 14 individuals of rigging bids on furniture manufacturing projects, marking the first time it has issued indictments without a prior accusation from Korea’s Fair Trade Commission.

20 April 2023