COGNICURRENT

The Fair Trade Commission has imposed a fine of over 3.1 billion won on nine companies involved in colluding on pork prices supplied to E-Mart and has reported six of them to the prosecution.

The Japan Fair Trade Commission has released a report detailing improper transactions related to the transfer of intellectual property rights from small- and medium-sized enterprises, highlighting numerous practices that may violate antitrust laws.

The Chief Justice of Nigeria, Kudirat Kekere-Ekun, has emphasized the importance of the Federal Competition and Consumer Protection Commission in ensuring fair trade practices in Nigeria's business environment.

The Federation of Consumer Cooperatives in South Korea is campaigning to change the main supervising body from the Fair Trade Commission to the Ministry of SMEs and Startups.

YKKAP has been reprimanded by the Japan Fair Trade Commission for violating subcontracting laws by having 4,997 toolings stored free of charge by contracted firms.

The Fair Trade Commission fined Mercedes-Benz 11.2 billion won and filed charges for misleading consumers about battery specifications in their vehicles.

The Fair Trade Commission of Korea has begun an on-site investigation into potential price collusion among four major local oil refiners in response to a recent spike in oil product prices.

South Korea's Fair Trade Commission is set to raise the lower limits of fines for companies violating fair trade laws regarding collusion and personal gain significantly.

The South Korean Supreme Court has upheld a fine of approximately 1.4 billion won against E-Land Retail amidst allegations of unfair support to its financially troubled holding company.

The headquarters for the 'Yup Deok' franchise received a rectification order from the Fair Trade Commission for compelling franchise store owners to purchase specific electronic devices like kiosks.

The Korea Fair Trade Commission (KFTC) has initiated a review regarding allegations of collusion by four companies in the starch syrup market, potentially resulting in sanctions including price re-evaluation and criminal charges.

The South Korean government is intensifying its monitoring of prices for processed foods, including noodles and snacks, that utilize recently reduced prices of raw materials like sugar and flour.

Kamashin, a supermarket chain in Tochigi Prefecture, has been warned by the Japan Fair Trade Commission for suspected violations of the antitrust law by forcing suppliers to deliver products for free under the guise of 'open sponsorship.'

The entire board of the Korea Flour Milling Association resigned amidst a collusion investigation in the domestic flour market involving seven major flour milling companies.

The Fair Trade Commission of South Korea is investigating funeral homes across the country due to widespread rebate practices in the funeral industry, prompted by a case involving a funeral home in Yangju, Gyeonggi Province.

Webzen faced sanctions from the Fair Trade Commission for launching new items in a game after announcing its closure.

The Fair Trade Commission of South Korea is investigating Samsung Electronics for allegedly unfairly reducing the quantities of goods ordered from subcontractors, leading to financial distress for one subcontractor.

The Tokyo District Prosecutor's Special Investigation Department and the Fair Trade Commission conducted searches on oil companies for suspected collusion in diesel pricing.

Hyosung and Hyosung Heavy Industries are facing sanctions from the Fair Trade Commission for unfairly demanding technical documents from subcontractors but have agreed to a self-corrective plan worth 3.4 billion won instead of facing penalties.

Chubu Electric has been found in violation of freelance law by the Japan Fair Trade Commission for failing to provide clear transaction terms and delaying payments for 39 freelance workers.

The Japanese Fair Trade Commission has approved the integration of Hino Motors and Mitsubishi Fuso, setting conditions to mitigate market concentration risks.

The Delicia supermarket chain in Nagano, Japan, has been warned by the Fair Trade Commission for potentially violating antitrust laws by making supplier employees perform display work without compensation.

Coupang has been fined 2.2 billion Won by the Korea Fair Trade Commission for allegedly pressuring suppliers to reduce prices and share advertising costs.

The Fair Trade Commission of South Korea launched a nationwide investigation into suspected collusion among school uniform manufacturers and retailers following complaints about high prices.

Microsoft Japan is under investigation by the Japan Fair Trade Commission for possible antitrust violations, amid escalating competition in the cloud infrastructure market, directly related to AI advancements.

Kyodo News' subsidiary has been found in violation of freelance laws for not disclosing transaction conditions to freelance journalists and photographers, prompting a recommendation from the Fair Trade Commission for preventing future occurrences.

The Korea Fair Trade Commission has begun a review of four construction companies, including POSCO E&C, for allegedly unfairly shifting industrial safety costs and responsibilities to subcontractors.

The Fair Trade Commission of South Korea has significantly reduced fines for unfair business practices due to loopholes in its self-reporting rules.

Citizen groups have reported the 'Baemin-Only' contract between Baedal Minjok and Chogajip Chicken to the Fair Trade Commission, claiming it severely undermines fair competition.

The Fair Trade Commission of Japan has recognized Tirado, a radiator manufacturer, for violating subcontracting laws by requiring subcontractors to store metal molds without compensation.

President Yoon Suk-yeol advocates for substantial rewards to encourage the reporting of unfair trade practices like collusion in order to improve market fairness in South Korea.

The Supreme Court of South Korea ruled that the deletion of subcontracting-related data by Hyundai Heavy Industries employees does not constitute evidence destruction, framing it as an exercise of their rights to defend themselves.

Sung Gi-hak, chairman of Youngone, has been accused of omitting companies owned by him and his daughters from official reports, leading to a three-year evasion of corporate group classification by the Fair Trade Commission.

The South Korean Fair Trade Commission has initiated a review into alleged collusion among major flour manufacturers, marking the first use of a 'price re-determination order' in 20 years.

The Fair Trade Commission reported that it cannot impose a business suspension on Coupang due to the lack of confirmed identity theft in a significant personal data leak incident.

A South Korean court ruled that the Cargo Workers' Union's request for specific cargo distribution percentages from companies is a legitimate exercise of their constitutional right to organize, and thus not subject to penalties under fair trade law.

Dong Sung Pharmaceutical has been sanctioned by the Fair Trade Commission for providing approximately 250 million won in illegal rebates to doctors in the Seoul metropolitan area over a nine-year period.

The Fair Trade Commission plans to issue a recommendation to Nissan-affiliated dealers in Tokyo, urging compliance with the Subcontract Act after they required repair shops to transport faulty vehicles without compensation.

Investigations are underway concerning allegations that Hyundai Construction violated subcontracting laws during the construction of an illegal golf practice facility at the president's residence under the Yoon Suk-yeol administration.

Three sugar manufacturers in South Korea have issued formal apologies and pledged to implement measures to prevent similar price-fixing incidents following a hefty fine imposed by the Fair Trade Commission.

The Korea Fair Trade Commission has imposed a fine of 408.3 billion won on three sugar companies for colluding on sugar prices over a four-year period.

The Fair Trade Commission in South Korea has established a task force aimed at protecting the rights of special employment workers in construction and freight by excluding their collective actions from Fair Trade Act penalties.

The Korea Fair Trade Commission has filed a complaint against DB Group's founder for allegedly operating shell affiliates to maintain family control over the company.

The Fair Trade Commission has begun an investigation into Japan Post for allegedly failing to comply with legally mandated transaction conditions during outsourcing, which may violate laws protecting freelancers.

The Korea Fair Trade Commission is reviewing allegations that the Korean Egg Producers Association colluded to inflate egg prices, resulting in potential corrective measures and penalties against the association.

The Fair Trade Commission plans to amend regulations to set minimum fines for serious collusion and increase the cap on fines for recovery of unjust gains from 20% to 30% of revenue.

President Lee Jae-myung emphasized the need to either abolish the Fair Trade Commission's exclusive rights to report violations or grant reporting rights to citizens, arguing that the current system hinders consumer interests and allows too much power in the hands of the Commission.

President Lee Jae-myung criticized the Fair Trade Commission's exclusive prosecution rights and demanded a swift improvement in the punishment system for structural corporate illegal activities.

The European Commission maintains a 35.3% tariff on Chinese electric cars while leaving open the possibility of suspending it for fair competition in the single market.