South Korea’s Fair Trade Commission (FTC) has fined Korea Yamazaki Mazak Co., Ltd. and Doo Kwang Machinery Co., Ltd. KRW 174 million (USD 126,000) for collusion in five machine tool purchase bids from December 2019 […]
Author: sylwesterfrazzonigmailcom
South Korea’s FTC Seeks Feedback on New Environmental Compliance Guidelines
The Fair Trade Commission (FTC), led by Chairman Han Ki-Jung, has announced it opened a consultation period on draft guidelines for voluntary compliance with fair trade practices in environmentally sustainable business activities. Stakeholders, experts, and […]
Morocco’s Competition Council Strengthens E-Payment Market
The Moroccan Competition Council has unanimously approved (4 November) binding commitments proposed by the Centre Monétique Interbancaire (CMI) and its shareholder banks to address competition concerns in the country’s electronic payment market. The decision follows […]
KPPU Urges for Competitive Reforms in Indonesia’s Sugar Industry Amid Oligopoly Concerns
The Business Competition Supervisory Commission (KPPU) in Indonesia has been intensifying its efforts to address longstanding issues in the country’s sugar industry. This sector, particularly its trade and distribution mechanisms, has developed oligopolistic tendencies, with […]
Cyprus Court Upholds Telecom Competition Ruling
On October 16, 2024, the Supreme Constitutional Court of Cyprus dismissed appeals and upheld a decision from the Commission for the Protection of Competition, confirming that the Cyprus Telecommunications Authority (ATHIK) violated competition laws. This […]
