Republic of Korea: Issued ruling in FTC investigation into Lotte Himart over violations of Act on Fair Transactions in Large Retail Business
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce, other service provider
Implementation Level
national
Government Branch
executive
Government Body
competition authority