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Monopoly Regulation and Fair Trade Act — Article 88 (Recommendation for correction of violations)

독점규제 및 공정거래에 관한 법률 제88조

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 a violation of this Act, the Fair Trade Commission may determine a correction scheme and recommend that the relevant business entity or trade association comply with the correction scheme.

(2) A person who has received a recommendation pursuant to paragraph (1) shall notify the Fair Trade Commission as to whether to accept the recommendation within 10 days after the date of receiving the notice of recommendation for correction.

(3) Where a person who has received a recommendation for correction pursuant to paragraph (1) accepts the recommendation, a corrective measure under this Act shall be deemed ordered.

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