(1) The Fair Trade Commission shall establish and implement policies to promote competition in markets in which monopoly or oligopoly situations have continued over an extended period in relation to supply or demand of specific goods or services.
(2) The Fair Trade Commission may present its opinions necessary for the introduction of competition or other measures to improve market structures, etc., to the heads of the relevant administrative agencies, where necessary to promote the policies under paragraph (1). In such cases, the heads of the relevant administrative agencies shall review the opinions of the Fair Trade Commission and send the result of such review to the Fair Trade Commission.
(3) The Fair Trade Commission may perform the following affairs in order to promote the policies under paragraph (1):
1. Market structure surveys and publication of the survey findings;
2. Analysis of competitive situation in a specific industry, analysis of the current status of regulation, and establishment of measures to promote competition.
(4) The Fair Trade Commission may request business entities and trade associations to submit materials necessary for performing the affairs specified in the subparagraphs of paragraph (3).
(5) The Fair Trade Commission may entrust the affairs prescribed in paragraphs (3) and (4) to other agencies, as prescribed by Presidential Decree.