SEOUL, March 24, 2026 — South Korea’s competition authority has proposed amendments to the enforcement decree of its competition law to allow electronic submission and service of documents in antitrust proceedings, a procedural reform aimed […]
Tag: South Korea
Korea Fair Trade Commission (KFTC)
KFTC Fines 27 School Uniform Suppliers for Bid-Rigging
SEOUL, March 18, 2026 — South Korea’s competition authority has fined 27 school uniform suppliers for colluding in public tenders, in a case highlighting long-running bid-rigging practices that inflated costs for students and families. The […]
South Korea Fines Pork Suppliers $2.4 Million for Price-Fixing in Emart Supply Contracts
Sejong, March 12, 2026 — South Korea’s Fair Trade Commission (KFTC) has imposed corrective orders and fines totaling 3.165 billion won (about $2.4 million) on nine pork processing and distribution companies for colluding on supply […]
KFTC Sends Starch Sweetener Cartel Case to Commission for Review
SEOUL, South Korea, March 6, 2026 — The Korea Fair Trade Commission (KFTC) has initiated formal proceedings in a suspected cartel involving four manufacturers and sellers of starch sweeteners after sending an investigation report to […]
KFTC Steps Up Monitoring of Fuel Prices Amid Middle East Tensions
SEOUL, South Korea, March 6, 2026 — South Korean authorities have stepped up monitoring of fuel prices and potential anti-competitive conduct in the petroleum market amid volatility linked to the situation in the Middle East. […]
Korea Fair Trade Commission Sanctions Funeral Hall for Rebate Scheme and Launches Wider Sector Probe
SEOUL, South Korea, March 5, 2026 — The Korea Fair Trade Commission (KFTC) has imposed a corrective order on Yangju Korea Hospital Funeral Culture Center Co. for providing rebates to funeral directors affiliated with funeral […]
Korean Authority Fines KEP Over Restrictive Contract Terms
Sejong, February 26, 2026 — The Korean Fair Trade Commission (KFTC) has imposed corrective orders and a fine of KRW 144 million (approximately $100,897] on Korea Engineering Plastics Co., Ltd. (KEP) for abusing its superior […]
KFTC Sanctions Apartment Maintenance Bid-Rigging Scheme With Fines of $20K
Seoul, February 24, 2026 – The Korea Fair Trade Commission (KFTC) has imposed corrective orders and fines totaling 27 million won on two companies for colluding in a bid for apartment maintenance works in Ansan. […]
KFTC Moves Forward With Case Against Seven Flour Producers Over Alleged Cartel
Sejong, February 20, 2026 — The Korea Fair Trade Commission (KFTC) has sent an examiner’s report to seven flour manufacturers and distributors over alleged price fixing and output allocation in the domestic flour market, formally […]
Korean Authority Fines Kukje Pharmaceutical For Hospital Rebate Scheme
Sejong, February 13, 2026 — The Korean Fair Trade Commission (KFTC) has imposed corrective measures and a fine of KRW 3 million (approximately $2,077) on Kukje Pharmaceutical for providing improper economic benefits to hospitals to […]
