Amended KFTC Merger Control Rules Take Effect
- Specific Size-of-Transaction Test Established and Scope of Simplified Review Expanded
On Dec. 30, 2021, amended merger control rules went into effect in Korea. These amended rules are codified under four separate sets of legal provisions: the Monopoly Regulation and Fair Trade Act (MRFTA)...
KFTC¡¯s Work Plans for 2022
- Fair markets, innovating companies, and consumers in the driver¡¯s seat
January 4, 2022 Competition Policy Division
Below are the details of the Korea Fair Trade Commission¡¯s (led by Chairperson Sung-wook Joh, hereinafter the ¡°KFTC¡±) work plans for 2022.
1. Promote competition in digital ma...
- Google bans smart phone manufacturers from releasing devices that run on rival OS as a prerequisite for licensing the Play Store and early access to Android source codes
- Expects to restore competition in the mobile market and generate innovation in the market for smart devices
1. Facts
(1) Forcing to sign the ¡®Anti-Fragmen...
The Korea Fair Trade Commission (led by Chairperson Sung Wook Joh, hereinafter the ¡°KFTC¡±) decided to impose a corrective order and an administrative fine of 16 million won on Abbott Korea and Medtronic Korea for sponsoring cardiologists to participate in overseas academic conferences and providing travel expenses in the course of overseas educatio...
The Korea Fair Trade Commission (led by Chairperson Sung Wook Joh, hereinafter the ¡°KFTC¡±) decided to impose a corrective order and an administrative fine of 16 million won on Abbott Korea and Medtronic Korea for sponsoring cardiologists to participate in overseas academic conferences and providing travel expenses in the course of overseas educatio...
- Experts on competition and consumer policies gathered to discuss 40 years of achievements and future development directions -
\"The 40th Anniversary Academic Symposium of the Korea Fair Trade Commission\" was held for two days from Thursday, April 8 to Friday, April 9 at the international conference hall of the Korea Chamber of Commerce ...
On June 16, 2016, the KFTC conducted on-site investigations into Apple Korea over allegations that it violated the Monopoly Regulation and Fair Trade Act (\"MRFTA\") by interfering with business activities of the country\'s three mobile carriers.
During the KFTC\'s first investigation from June 16 to 24, 2016, Apple blocked internet access...
-The KFTC ordered five OTA platforms to remove and revise the clauses preventing hotels from offering better conditions on other sales channels-
In December 2019, the KFTC investigators visited 16 hotels located in Seoul and Jeju Island and examined the contracts with online travel agencies (OTA) they\'re in a trading relationship with. Th...
KFTC aims to protect rights and interests of consumers by making the legal system fit for digital transactions and emphasize prevention and relief of consumer damage in daily life
The Korea Fair Trade Commission (led by Chairperson Sungwook Joh, hereinafter referred to as the \"KFTC\") has prepared the general revision bill of the ¡°Act on ...
The KFTC has approved the proposed joint venture between Uber Technologies Inc. (hereinafter referred to as ¡°Uber\") and T Map Mobility Co. Ltd (hereinafter referred to as ¡°T Map Mobility¡±) on January 28, 2021.
On October 22, 2020, Uber filed a merger notification with the KFTC to set up a taxi-hailing joint venture* with T Map Mobility. A...