Korean Law in English
Laws › Monopoly Regulation and Fair Trade Act › CHAPTER VII TRADE ASSOCIATIONS

Monopoly Regulation and Fair Trade Act — Article 52 (Corrective measures)

독점규제 및 공정거래에 관한 법률 제52조

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 51 is committed, the Fair Trade Commission may order the relevant trade association (including the relevant member business entities, if necessary) to discontinue the relevant act, 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 "trade association".

‹ Article 51All articlesArticle 53 ›

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