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South Korea's Fair Trade Commission Conducts AI Market Survey(2024.8.1) -Understanding the Transaction Relationships and Competition Status Among Major Domestic and International Generative AI Businesses - Starting from August 1, the Korea Fair Trade Commission (hereinafter referred to as 'FTC') will commence a survey of the AI (Artificial Intelligence) market, targeting major domestic and international businesses in the field. The rapid advancement of generative AI.. 2024. 8. 8.
Launch of the Delivery Platform-Partner Business Win-Win Council(2024.7.23) Discussion on alleviating the burden on small business owners according to the "Comprehensive Measures for Small Business Owners and Self-Employed" On Tuesday, July 23, at 2:00 PM, the launch ceremony for the "Delivery Platform-Partner Business Win-Win Council" (hereinafter referred to as the "Win-Win Council") was held in Room 204 of the Government Seoul Office Annex. The launch of the Win-Win .. 2024. 8. 7.
Sanctions Imposed on Advertising Agencies for Misleading Advertisements via SNS Reviews(2024.7.24) - Corrective orders and fines imposed on Marketit and Flow Marketing for false and deceptive advertisements - The Korea Fair Trade Commission (KFTC) has decided to issue corrective orders, public disclosure orders, and impose fines totaling 1 million won on two advertising agencies (Marketit Co., Ltd. and Flow Marketing) for recruiting influencers to post false or misleading reviews on social ne.. 2024. 8. 6.
Korea Fair Trade Commission Attends the 19th East Asia Top Official’s Meeting on Competition (EATOP) and Related Events(2024.7.22) - Introduction and Examples of Market Research Utilized by the KFTC - The Korea Fair Trade Commission (hereafter referred to as 'KFTC') will be attending the 19th East Asia Top Official’s Meeting on Competition (hereafter referred to as 'EATOP') and the 16th East Asia Conference on Competition Law and Policy (hereafter referred to as 'EAC') in Kuala Lumpur, Malaysia, from July 23 (Tuesday) to Ju.. 2024. 8. 5.
Notice of Legislative Proposal for the Amendment of the Enforcement Decree and Enforcement Rules of the E-Commerce Act(2024.7.18) Specification of matters delegated to lower laws to regulate online dark patterns -Consumer consent required within 30 days before an increase in regular payment amount and within 14 days before conversion to a paid subscription -The Korea Fair Trade Commission (hereinafter referred to as the “FTC”) announced that it will issue a legislative notice for the amendments to the Enforcement Decree an.. 2024. 8. 2.
Sanctions for Eduwill’s Violation of Electronic Commerce Law('24.7.4) - Issued a correction order and fine for advertising "9 out of 10 people pass within 3 months" without objective basis - The  Korea Fair Trade Commission (KFTC), chaired by Ki-Jeong Han, announced that it has decided to issue a correction order and impose a fine of 5 million won on Eduwill Co., Ltd. (hereinafter 'Eduwill') for engaging in deceptive advertising practices while selling online cour.. 2024. 7. 17.
Conditional Approval of HD Hyundai Heavy Industries and STX Heavy Industries Merger(July 15, 2024) Concerns over hindering engine competition due to difficulties in procuring engine parts for competitors like Hanwha Engine.Imposition of conditions such as prohibition of supply refusal, price increases, etc., to ensure stable supply of engine parts.Laying the foundation for fair competition in the domestic shipbuilding ecosystem.The Korea Fair Trade Commission (Chairman Ki-Jeong Han) has decid.. 2024. 7. 16.
Conducting Reality Survey in Franchise Sector for 2024(2024.7.1) Investigating Practices in Essential Item Trading, Compliance with Revised Laws, Mobile Gift Cards, and Major Issues -The Fair Trade Commission (Chairman Han Ki-Jeong, hereafter 'KFTC') will conduct a reality survey in the franchise sector from July 1, 2024, targeting 21 industries, 200 franchise headquarters, and 12,000 franchisees. ▪ Survey Period: July 1, 2024 - October 31, 2024▪ Survey Metho.. 2024. 7. 5.
Joint Academic Conference on Desirable Directions of Online Platform Policy in Korea Held Co-hosted by the Fair Trade Commission and the Korean Society of Fair Trade -Presentation of Policy Tasks and Issues to Promote Platform Competition, Stakeholder Participation in Debates -The Fair Trade Commission (Chairman Han Ki-Jeong, hereafter 'KFTC') together with the Korean Society of Fair Trade (President Im Young-Jae) hosted a joint academic conference titled 'Desirable Directions of Onl.. 2024. 7. 5.
Korea-Vietnam Competition Authorities Sign Memorandum of Understanding on Cooperation Concrete Formulation of Cooperation Methods between Competition Authorities -The Korea Fair Trade Commission (Chairman Han Ki-Jeong, hereinafter referred to as 'KFTC') signed a "Memorandum of Understanding on Cooperation in the Field of Competition and Consumer Protection" (hereinafter referred to as 'MOU') with the Vietnam Competition Commission (Chairman Le Trieu Dung) on July 2nd (Tuesday), e.. 2024. 7. 5.
KFTC Conducts On-Site Practical Training for Competition Authority Officials from Southeast Asia and Beyond - Spreading KFTC's experience and capabilities in enforcing competition law through education targeting officials from competition authorities in Indonesia, Thailand, and Serbia - The Korea Fair Trade Commission (hereinafter 'KFTC') conducted a training program on Korea's competition law and regulations from May 27 to June 5, inviting competition authorities from Indonesia, Thailand, and Serbia... 2024. 7. 2.
Cho Hong-seon, vice chairman of the KFTC attended the 20th anniversary of the establishment of the Competition Policy Headquarters of the OECD Korea Policy Center Attending the 20th anniversary of the establishment of the Competition Policy Headquarters- Contributing to the advancement of competition laws and strengthening of enforcement capabilities in developing countries in the Asia-Pacific region -Cho Hong-seon, vice chairman of the Korea Fair Trade Commission (hereinafter referred to as "Cho Hong-seon, vice chairman") attended the 20th anniversary of.. 2024. 5. 28.

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