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Monopoly Regulation and Fair Trade Act — Article 53 (Penalty surcharges)

독점규제 및 공정거래에 관한 법률 제53조

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(1) is committed, the Fair Trade Commission may impose on a trade association a penalty surcharge not exceeding one billion won.

(2) The Fair Trade Commission may impose on a business entity involved in a violation specified in Article 51(1)1, a penalty surcharge not exceeding 20/100 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.

(3) The Fair Trade Commission may impose on a business entity involved in a violation of Article 51(1)2 through 4, 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 two billion won may be imposed.

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