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

Monopoly Regulation and Fair Trade Act — Article 127 (Penalty provisions)

독점규제 및 공정거래에 관한 법률 제127조

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) A person who violates a confidentiality order under Article 112(1) inside or outside Korea without good cause shall be punished by imprisonment with labor for up to two years or by a fine not exceeding 20 million won.

(2) No prosecution shall be initiated for a violation prescribed in paragraph (1) unless a criminal charge is filed by a person who has made a request for issuing a confidentiality order.

(3) A person who violates Article 119 shall be punished by imprisonment with labor for up to two years or by a fine not exceeding two million won.

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