Korean Law in English
Laws › Monopoly Regulation and Fair Trade Act › CHAPTER VI PROHIBITION OF UNFAIR TRADE PRACTICES, PRACTICES OF RESALE PRICE MAINTENANCE, AND PROVISION OF UNDUE BENEFITS TO RELATED PARTIES

Monopoly Regulation and Fair Trade Act — Article 49 (Corrective measures)

독점규제 및 공정거래에 관한 법률 제49조

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 any violation of Article 45(1) or (2), 46, 47, or 48 is committed, the Fair Trade Commission may order the relevant business entity (referring to the relevant related party or company in the case of Article 45(2) and 47) to discontinue the relevant unfair trade practice, the practice of resale price maintenance, or the provision of undue benefits to the related party; to take measures to prevent the recurrence thereof; to prohibit the relevant retaliatory measures; to delete the pertinent provisions from the contract; to publish the fact that it has received a corrective order; and to take other necessary corrective measures.

(2) Article 7(2) through (4) shall apply mutatis mutandis to corrective measures under paragraph (1) following a merger, division, or 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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