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Monopoly Regulation and Fair Trade Act — Article 91 (Revocation of consent decrees)

독점규제 및 공정거래에 관한 법률 제91조

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) The Fair Trade Commission may revoke a consent decree in any of the following cases:

1. Where a correction scheme becomes inappropriate due to significant changes in facts, such as market conditions that formed the basis for adopting the consent decree, or due to other relevant factors;

2. Where a consent decree has been adopted based on incomplete or inaccurate information provided by an applicant, or an applicant has been issued with a consent decree by fraud or other improper means;

3. Where an applicant fails to implement the consent decree without good cause.

(2) After the Fair Trade Commission has revoked a consent decree pursuant to paragraph (1)1, it may adopt a consent decree again if the applicant files an application for a consent decree pursuant to Article 89(1). In such cases, Article 89 through 92 shall apply.

(3) Where the Fair Trade Commission revokes a consent decree pursuant to paragraph (1)2 or 3, it may resume the deliberation procedures concerning the relevant act, which have been suspended pursuant to Article 89(3).

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