Korean Law in English
Laws › Monopoly Regulation and Fair Trade Act › CHAPTER II PROHIBITION OF ABUSE OF MARKET-DOMINANT POSITION

Monopoly Regulation and Fair Trade Act — Article 7 (Corrective measures)

독점규제 및 공정거래에 관한 법률 제7조

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) In the event of any abusive practice, the Fair Trade Commission may order the relevant market-dominant business entity to reduce the price, to suspend the relevant practice, to publish the fact that it has received a corrective order, or to take other necessary corrective measures.

(2) Where a market-dominant business entity that is a company has committed an abusive practice and ceases to exist due to a merger, the Fair Trade Commission may order corrective measures under paragraph (1), by deeming that the abusive practice by the relevant company has been committed by a company surviving the merger or incorporated as a result of the merger.

(3) Where a market-dominant business entity that is a company has committed an abusive practice and is divided or merged after division, the Fair Trade Commission may order corrective measures under paragraph (1), by deeming that such abusive practice committed prior to the date of division or merger after division has been committed by any of the following companies:

1. A company to be divided;

2. A new company established through the division or merger after division;

3. Another company that has merged with a part of a company to be divided and survives after such merger.

(4) Where a market-dominant business entity that is a company has committed an abusive practice and establishes a new company pursuant to Article 215 of the Debtor Rehabilitation and Bankruptcy Act, the Fair Trade Commission may order corrective measures under paragraph (1) by deeming that the abusive practice has been committed by either an existing company or a new company.

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