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Laws › Monopoly Regulation and Fair Trade Act › CHAPTER IV RESTRICTIONS ON CONCENTRATION OF ECONOMIC POWER

Monopoly Regulation and Fair Trade Act — Article 34 (Requiring relevant institutions to verify materials)

독점규제 및 공정거래에 관한 법률 제34조

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.

Where it is deemed necessary to enforce the provisions of Articles 21 through 25 or Articles 30 through 32, the Fair Trade Commission may require any of the following institutions to verify or examine necessary materials, such as the current status of shareholdings of shareholders of domestic affiliates of a business group subject to disclosure, materials on debt guarantees, materials on provisional payments, loans, or provision of collateral, and materials on transactions or provision of real estate, as prescribed by Presidential Decree:

1. The National Tax Service;

2. The Financial Supervisory Service established pursuant to Article 24 of the Act on the Establishment of Financial Services Commission;

3. Domestic financial institutions specified in the items of subparagraph 18 of Article 2;

4. Other institutions prescribed by Presidential Decree in relation to finance or stock trading.

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