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Monopoly Regulation and Fair Trade Act — Article 37 (Corrective measures)

독점규제 및 공정거래에 관한 법률 제37조

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) Where a business entity or a person violates or is likely to violate any provision of Article 18(2) through (5),19,20(2) through (5),21 through 29, or 36, the Fair Trade Commission may order the relevant business entity or the violator to take the following corrective measures:

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. Revocation of debt guarantees;

6. Publication of the fact that a correction order has been received;

7. Fulfillment of disclosure obligations or correction of disclosure details;

8. Other measures necessary to correct the violation of law.

(2) Where companies are merged or a company is established in violation of Article 19, the Fair Trade Commission may file a lawsuit to nullify such merger or establishment.

(3) 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".

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