KFTC Imposes Fine of 2.2 Billion Won on Coupang for Pressuring Suppliers on Prices and Advertising Costs
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.
Fair Trade Commission Investigates School Uniform Price Collusion Involving Four Manufacturers and 40 Agencies Nationwide
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.
KFTC Initiates Review of Four Companies Including POSCO E&C for Shifting Safety Costs to Subcontractors
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.
Even if unfair practices are repeated by newly established subsidiaries... the Fair Trade Commission reduces the penalty by 260 billion won
The Fair Trade Commission of South Korea has significantly reduced fines for unfair business practices due to loopholes in its self-reporting rules.
The 'Chogajip' Baemin-Only Contract: Citizen Groups File Complaint to the Fair Trade Commission over Distortion of Fair Competition
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.
President Yoon: "Instead of a lottery, let's expose collusion and offer hundreds of billions in rewards for reporting"
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.
Hyundai Heavy Industries Deletes Subcontracting Data Ahead of Fair Trade Commission Investigation... Supreme Court Rules 'No Evidence Destruction'
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.
Chairman Sung Gi-hak of Youngone, known for the outdoor brand 'The North Face', accused of evading corporate group designation
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 Fair Trade Commission has issued a ‘price re-determination order’ for the first time in 20 years...initiating a review of flour collusion
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.
Fair Trade Commission: It is Difficult to Suspend Coupang's Business as Identity Theft Cannot Be Confirmed
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.
The demand for cargo distribution by the Cargo Workers' Union is a legitimate exercise of the right to organize... The court cancels the Fair Trade Commission's disposition
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.
2.5 billion won rebate to medical professionals... corrective order to Dong Sung Pharmaceutical
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.
Allegations of Cost Transfer for Golf Practice Facility at Yoon Suk-yeol's Residence... Hyundai Engineering Under Investigation by Fair Trade Commission
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.
‘Price Conspiracy’ Sugar Manufacturers Hit with 400 Billion Won Fine, Pledge to Prevent Recurrence
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.
Korea Fair Trade Commission Imposes 408.3 Billion Won Fine on Three Sugar Companies for Price Collusion
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.
Fair Trade Commission launches task force for 'economically weak' workers... Ensuring rights for special employment workers in construction and freight
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.
KFTC files a complaint against DB Group Chairman Kim Jun-ki for using shell affiliates for the benefit of the family
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.
Korea’s Fair Trade Commission Begins Review of Allegations of Price Collusion by Egg Producers Association
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.
Joo Byeong-ki: Establishing a Minimum Fine for Serious Collusion...Recovery of Unjust Gains Increased from 20% to 30% of Revenue
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: The Fair Trade Commission's exclusive reporting rights need to be abolished.
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: Punishing Egg Thieves While There Are Many Obstacles for Corporate Crimes
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.