The three industrial revolutions so far have been recognized as the process of replacing human labor with machines, namely automation. In contrast, the forthcoming industrial revolution is the time to replace the human brain with artificial intelligence. The fourth industrial revolution is expected to be a turning point that will bring about signif...
APCCSince the enactment of the Monopoly Regulation and Fair Trade Act(hereinafter referred as the ¡°KFTA¡±) in 1980, a full-scale revision of the KFTA was submitted to the 20th National Assembly in order to respond to changes in the economic environment and market conditions and to meet the demands of the Fair Trade Market. The regulation of large busine...
APCCWeb search services serve as a gateway for users to use the Internet and generally provide various information service contents such as news and music contents. The characteristics of web search services is that web search service providers with a large market share in the end user market may be able to maintain a high level of market dominance in ...
APCCThe term ¡°regulatory sunset¡± means a law that sets a time limit for limiting the rights and obligations of citizens. Therefore, unless there is a special need for the extension or continuation of the regulation, it will be abolished automatically when the specified time comes. However, regulations are like living things, and they not only simply re...
APCCRecently, the rapid expansion of wireless internet and the spread of smartphones have rapidly shifted the use of the Internet in personal computers and PC web browsers to smartphones and mobile apps. This phenomenon has brought about a major change in the online service market. It has changed the competitive landscape of various online services mar...
APCC1Article 23-2(Prohibition on Undue Support Practices to Specially Related Persons) is adopted under the Fair Trade Act for the purpose of promoting the private interests of the owners groups of large enterprises and preventing the concentration of economic power. If the conditions are met, the companies belonging to large enterprise groups will be ...
APCCThe Antitrust Compliance Program (CP) introduced in 2001 to promote a culture of corporate compliance. However, it later deviated from its original objective, focusing on the appropriateness of the introduction of the CP to reduce the administrative fines. In this way, the reduction of administrative fines by CP was finally abolished in 2016, and t...
APCCThe franchise business allows franchise headquarters to build and maintain a wide range of distribution networks, and franchisees can use their reputation and know-how with small capital. Franchising is mentioned as an excellent distribution system that can bring win-win consequences. However, franchisees often suffer damage because they impose unr...
APCCClause 1 of Article 19 of the MRFTA does not distinguish the type and content of collaboration between competitors. In fact, the 1999 amendment does not require any market definition to determine the illegality of all unjust agreements. However, the Supreme Court ruled in spite of such differences. In addition, the Court still calls for clear marke...
APCCDistribution is a chain of businesses or intermediaries from a supplier or manufacturer through which a good or service passes until it reaches the final buyer or the end consumer. The Supreme Court¡¯s decision not to invalidate Article 12-2 of the Distribution Industry Development Act (hereafter referred to as the ¡°Act¡±) was issued on November 19, ...
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