(1) A Korea Fair Trade Mediation Agency (hereinafter referred to as the "Mediation Agency") shall be established to perform the following duties: <Amended on Jun. 20, 2023>
1. To mediate disputes about suspected violations of Article 45(1);
2. To mediate disputes prescribed by other statutes to be dealt with by the Mediation Agency;
3. To research and analyze the trend of markets or industries and fair competition;
4. To research and analyze business entities’ transaction practices and behaviors;
5. Implementation management of a consent decree under Article 89(3) entrusted by the Fair Trade Commission pursuant to Article 90(7);
6. Implementation and management of corrective measures entrusted by the Fair Trade Commission under Article 97-2(2);
7. To research systems and policies related to fair trade and make suggestions thereof;
8. To conduct other projects entrusted by the Fair Trade Commission.
(2) The Mediation Agency shall be a corporation.
(3) The president of the Mediation Agency shall be appointed by the chairperson of the Fair Trade Commission from among persons specified in any subparagraph of Article 57(2).
(4) The Government may grant a contribution or subsidy to the Mediation Agency, within the budget, to cover expenses incurred in its establishment and operation.
(5) Except as provided in this Act, the provisions of the Civil Act governing incorporated foundations shall apply mutatis mutandis to the Mediation Agency.