Republic of Korea: 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
Description
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 …
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce, other service provider
Implementation Level
national
Government Branch
judiciary
Government Body
court