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 50 (Penalty surcharges)

독점규제 및 공정거래에 관한 법률 제50조

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)(excluding subparagraph 9), 46 or 48 is committed, the Fair Trade Commission may impose on the relevant business entity a penalty surcharge not exceeding 4/100 of the sales prescribed by Presidential Decree; provided, in cases of no sales, etc., a penalty surcharge not exceeding one billion won may be imposed.

(2) Where any violation of Article 45(1)9 or (2) or 47(1) or (3) is committed, the Fair Trade Commission may impose on the relevant related party or company a penalty surcharge not exceeding 10/100 of the sales prescribed by Presidential Decree; provided, in cases of no sales, etc., a penalty surcharge not exceeding four billion won may be imposed.

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Korean original (law.go.kr) · Get articles as JSON via API

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