Republic of Korea: Amendment of the Fair Trade Act
Progress
Current status
under deliberation
09 Sep 2024 under deliberation
Scope
Implementers
Republic of Korea
Policy Area
Competition
Policy Instrument
Competition authority governance
Regulated Economic Activity
infrastructure provider: internet and telecom services
online advertising provider
platform intermediary: e-commerce
search service provider
platform intermediary: other
Government Branch
executive
Government Body
competition authority
Implementation Level
national
Timeline of events
Announced Amendment of the Fair Trade Act
On 9 September 2024, the Korea Fair Trade Commission (KFTC) announced a legislative initiative to amend the Fair Trade Act. The proposed amendments to the "Fair Trade Act" aim to regulate dominant platforms with significant market influence by targe…
SourceEvent type
law
Action type
announcement
Government branch
executive
Government body
competition authority