Republic of Korea: FTC investigation into Lotte Himart over alleged violations of Act on Fair Transactions in Large Retail Business
Progress
Current status
in force
12 Jul 2023 in force
01 Dec 2020 in force
Scope
Implementers
Republic of Korea
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce
other service provider
Government Branch
judiciary
executive
Government Body
court
competition authority
Implementation Level
national
Timeline of events
Issued court decision upholding FTC ruling imposing KRW 1 billion fine on Lotte Himart over violations of Act on Fair Transactions in Large Retail Business
On 12 July 2023, the Korean High Court issued its ruling on the case brought before the court by Lotte Himart, appealing the Korean Fair Trade Commission (FTC) ruling imposing a fine of KRW 1 billion and a corrective order over violations of Act on …
Event type
investigation
Action type
ruling
Government branch
judiciary
Government body
court
Issued ruling in FTC investigation into Lotte Himart over violations of Act on Fair Transactions in Large Retail Business
On 1 December 2020, the Korean Fair Trade Commission (FTC) issued a ruling on its investigation into Lotte Himart regarding the violation of the Act on Fair Transactions in Large Retail Business. The FTC imposes a fine of KRW 1 billion and a correct…
Event type
investigation
Action type
ruling
Government branch
executive
Government body
competition authority