Kim Hyung-bae, the former permanent commissioner of the Fair Trade Commission, has announced the release of the third edition of his book titled 'Theory and Practice of Fair Trade Law' based on over 30 years of experience in establishing and implementing fair trade policies. This updated edition incorporates changes made to fair trade laws since the publication of its second edition in 2022, including significant revisions of various guidelines and important judicial precedents that have emerged.

The book addresses recent legal adaptations resulting from two significant revisions in the law, detailing aspects such as the Fair Trade Compliance Program and measures related to disputes and corrections in management practices. Additionally, it discusses expanded exemptions for corporate merger notifications, improvements to disclosure systems, and notable issues concerning competition law in online platforms, providing practical perspectives on these complex regulations that affect businesses.

Unlike previous texts that emphasized strict legal interpretations, this publication features a comparative approach, clearly explaining fair trade laws alongside related court precedents and decisions by the Fair Trade Commission. It highlights recent significant cases, including rulings on discriminatory practices by major online platforms and guidelines surrounding contingent market behaviors, thereby contributing to a more integrated understanding of fair trade law's application in contemporary economic contexts.