Antitrust is good for consumer welfare. So more aggressive and effective antitrust enforcement can protect economic competition within industries and contribute towards income equality holding back abuse of market power by monopolists.
In South Korea, there are many trade regulations for the prohibition of unfair trade acts or practices. ...
Recently, Discussions have been taken place regarding the collection and use of data on online platforms. In many cases, online platform operators provide their services free of charge to users. Online platform operators process the data provided by users so the data can be commercialized by themselves or by third parties. Through this, Online plat...
An unilateral refusal to deal is governed as either an abuse of market dominance(under Article 3-2) or an unfair trade practice(under Article 23(1)(1)) under the Monopoly Regulation and Fair Trade Act(the ¡°MRFTA¡±). In this regard, there have been much disputes over the criteria of assessment of the unfairness of unilateral refusal to deal, and the ...
Whether the punitive damages system under the current law, the amount of damages determined by the law, and the specific legislative method from the perspective of economic law are appropriate in comparison with foreign legislations and its implications, mainly in the United States and China, we have examined several legal issues so far and propo...
December 9, 2020, the date of the Korean antitrust overhaul first time ever in Korea, was marked by the Korean antitrust community a milestone in the 40-year legislative history of the Monopoly Regulation and Fair Trade Act(¡°MRFTA¡±). The New MRFTA is expected to be an effective gap filler, as the amended provisions are likely to cure many, if not a...
Bundling is a marketing strategy that consists of companies selling several products together as a single combined unit which offers a lower price than they would normally charge customers to buy each item separately.
¡°Bundled discounts¡± are pervasive in the Korean telecommunication market which is governed by the Korean Telecommunication...
The development of the digital economy, such as algorithms, is changing the competitive landscape in which many firms operate and the way they make business decisions. However, this phenomenon has also raised concerns about possible anticompetitive behavior as it makes companies easier to collude by improving market transparency and enabling high-f...
APCCThe principle of ¡°search neutrality¡± is currently pervasive in Korea as a leading principle of competition law and/or digital platform regulation. The Korea Communications Commission issued a guideline for platform neutrality in 2017. In response, the Korean Fair Trade Commission, the competition authority in Korea, is likely to take legal measures...
APCCIn Korea, damages for infringements of the competition law provisions are an inadequate remedy to order the damages suffered and deter future violations. In contrast, the United States has a sound system that allows private enforcement to seek damages by various means such as the legal system, institution, culture, and social system. As a result, s...
APCCOn November 11, 2018, the Koran Fair Trade Commission (the ¡°KFTC¡±) submitted an amendment of the Monopoly Regulation and Fair Trade Act (the ¡°MRFTA¡±) to the National Assembly introducing an injunctive relief. If the submitted amendment is enacted, the MRFTA will have injunctive relief along with compensation for damages and treble damages thereby p...
APCC