(1) Where a violation of Article 9(1) or 13 is or is likely to be committed, the Fair Trade Commission may order the relevant business entity (in cases of a violation of Article 9(1), referring to the company involved in the business combination (including its related party, where it is impracticable to rectify the negative effects of competition restrictions only by taking corrective measures against the companies involved in the business combination, or it is necessary to rectify the negative effects of competition restrictions in the business area in which the related party to the company involved in the business combination conducts business)) or the relevant violator to take the following corrective measures; in such cases, upon receipt of a report under the proviso, with the exception of the subparagraphs, of Article 11(6), an order to take corrective measures shall be issued within the period under paragraph (7) of that Article:
1. Cessation of the violation at issue;
2. Disposition of all or some of the shares;
3. Resignation of executive officers;
4. Transfer of business;
5. Publication of a fact that a corrective order has been issued;
6. Restrictions on business methods or scope of business that can prevent the negative effects of competition restrictions resulting from business combinations;
7. Other measures necessary to correct the violation of law.
(2) Where the Fair Trade Commission intends to order a company to take corrective measures under paragraph (1) because a business combination reported pursuant to Article 11(1) and (2) violates or is likely to violate Article 9(1) and where a correction scheme is submitted pursuant to Article 13-2(1) with respect to the business combination, the Fair Trade Commission may issue an order to take corrective measures under paragraph (1) in consideration of the correction scheme (where a correction scheme has been submitted after revision pursuant to paragraph (3) of that Article, including such revised correction scheme). <Added on Feb. 6, 2024>
(3) Where companies are merged or a company is established in violation of Article 9(1) or 11(8), the Fair Trade Commission may file a lawsuit to nullify such merger or establishment. <Amended on Feb. 6, 2024>
(4) The criteria for imposing corrective measures under the subparagraphs of paragraph (1) on violations of Article 9(1) shall be determined and publicly notified by the Fair Trade Commission. <Amended on Feb. 6, 2024>
(5) Article 7(2) through (4) shall apply mutatis mutandis to corrective measures specified in the subparagraphs of paragraph (1) following a merger, division, merger after division, or the establishment of a new company, etc. In such cases, "market-dominant business entity" shall be construed as "business entity". <Amended on Feb. 6, 2024>