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Monopoly Regulation and Fair Trade Act — Article 55 (Functions of the Fair Trade Commission)

독점규제 및 공정거래에 관한 법률 제55조

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.

Functions of the Fair Trade Commission shall be as follows:

1. Matters concerning regulation on abusive practices in terms of market-dominant positions;

2. Matters concerning restrictions on business combinations and on concentration of economic power;

3. Matters concerning regulation on illegal cartel conduct and on anti-competition acts of trade associations;

4. Matters concerning regulation prohibiting unfair trade practices, practices of resale price maintenance, and provision of undue benefits to related parties;

5. Matters concerning competition-facilitating policies through consultation and mediation, etc. in terms of anti-competitive statutes or regulations and administrative measures;

6. Matters prescribed under the jurisdiction of the Fair Trade Commission in other statutes or regulations.

‹ Article 54All articlesArticle 56 ›

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