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Monopoly Regulation and Fair Trade Act — Article 125 (Penalty provisions)

독점규제 및 공정거래에 관한 법률 제125조

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.

Any of the following persons shall be punished by imprisonment with labor for up to two years or by a fine not exceeding 150 million won:

1. A person who fails to comply with corrective measures under Article 7(1), 14(1), 37(1), 42(1), 49(1), or 52(1);

2. A person who refuses to submit materials without good cause or submits false materials, upon receipt of a request to submit materials under Article 31(4);

3. A person who fails to undergo an audit by a certified public accountant in violation of Article 31(5);

4. A person who engages in unfair trade practices in violation of Article 45(1) (excluding subparagraphs 1, 2, 3, 7, and 9);

5. A person who commits a prohibited act for a trade association in violation of Article 51(1)3;

6. A person who fails to submit a report or necessary materials or articles under Article 81(1)3 or (6), or who submits a false report or false materials or articles;

7. A person who rejects, interferes with, or evades an investigation by concealing, discarding, or refusing access to, materials, or by forging or falsifying, etc. materials during an investigation conducted pursuant to Article 81(2).

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