Korean Law in English
Laws › Monopoly Regulation and Fair Trade Act › CHAPTER XV PENALTY PROVISIONS

Monopoly Regulation and Fair Trade Act — Article 124 (Penalty provisions)

독점규제 및 공정거래에 관한 법률 제124조

This English translation is based on the Korean text effective 2026-05-12. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) Any of the following persons shall be punished by imprisonment with labor for up to three years or by a fine not exceeding 200 million won:

1. A person who engages in abusive practices in violation of Article 5;

2. A person who commits an act of circumventing law in violation of Article 13 or 36;

3. A person who exercises his or her voting right in violation of Article 15,23,25, or 39;

4. A person who violates Article 18(2) through (5);

5. A person who establishes a holding company or converts his or her company to a holding company in violation of Article 19;

6. A person who violates Article 20(2) or (3);

7. A person who has acquired or owned shares in violation of Article 21 or 22;

8. A person who has provided a debt guarantee in violation of Article 24;

9. A person who engages in illegal cartel conduct in violation of Article 40(1) or a person who causes such conduct;

10. A person who violates Article 45(1)9 or 47(1) or (4);

11. A person who violates Article 48;

12. A person who commits a prohibited act for a trade association in violation of Article 51(1)1;

13. A person who refuses, interferes with, or evades an investigation conducted under Article 81(2) through verbal abuse or assault or by intentionally blocking or delaying, etc. access to the site.

(2) Imprisonment with labor and a fine under paragraph (1) may be imposed concurrently.

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Korean original (law.go.kr) · Get articles as JSON via API

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