Organisation: Korea Fair Trade Commission

Former KFTC director joins Yoon & Yang

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

Korean enforcer sanctions drugmaker for anticompetitive rebate scheme

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

Korea fines 32 vaccine companies for bid rigging

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

Uptick in raids continues as agencies across Europe and Asia conduct searches

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

Government minister urges Korean Air to address EU and US concerns

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

KFTC raids banks over potential collusion

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

KFTC overturns Broadcom commitment approval

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

Asian enforcers struggling to hire data experts

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

KFTC corrects RPM breach, signals preference for avoiding fines

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

Korean prosecutors issue first-ever antitrust indictments without KFTC referral

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

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