The Supreme Court has finalized an 18.6 billion won (about $13.8 million) fine and a corrective order that the Fair Trade Commission imposed on U.S. chipmaker Broadcom, which pressured Samsung Electronics into a long-term purchase agreement…
The Fair Trade Commission has decided to impose a corrective order and a fine of 20.114 billion won (about $14.6 million) on Samsung Electronics for omitting from its advertisements the fact that maximum performance is limited immediately u…
The Fair Trade Commission imposed corrective orders and public disclosure orders on four private rental apartment developers — Dream Housing, Venice, Haesung Industrial Development and AMD — for recruiting prospective tenant members without…
Fair Trade Commission Chairman Joo Byeong-gi has proposed strengthening investigative powers to impose fines of up to 1% of total sales on companies that refuse to cooperate with investigations. He also expressed the view that the Large-Sca…
The Fair Trade Commission has decided to issue a corrective order (prohibition order) and a fine of 31 million won (about $22,500) to KPIC Corporation, a general holding company that owned shares in a financial company. KPIC held 333,333 sh…
The need to protect consumer advance payments has grown as issues have been raised about prepaid installment businesses, such as funeral service companies, investing funds in high-risk assets or providing undue benefits to controlling share…
The Fair Trade Commission has begun procedures to impose fines on 17 wedding service providers that failed to properly display prices and penalty standards. They were found to have omitted prices for optional items on their websites or cont…
The Fair Trade Commission announced on the 5th that measures including a reduction in brokerage fees for small business owners were announced at the 'Accommodation Platform Self-Regulation Plan Presentation' held at the Grand Ballroom on th…
The Fair Trade Commissio announced on the 31st that it has decided to impose corrective orders — including a cease-and-desist order and an order to revise or delete contract clauses — on Geumsong Publishing for imposing obligations that wer…
The Fair Trade Commission announced that an amendment to the enforcement decree of the Monopoly Regulation and Fair Trade Act (Fair Trade Act) passed a Cabinet meeting on the 30th. According to the Fair Trade Commission, the Cabinet's passa…
The Fair Trade Commission said an amended enforcement decree of the Basic Act on Consumer Protection, which specifies the scope and methods of surveys needed to promote consumer rights or advance consumer policy efficiently and allows consu…
The Fair Trade Commission's win rate for finalized court judgments in the first half of 2024 was 90.7%. The FTC analyzed trends in cases where courts rendered judgments in the first half of 2024 and announced the results on the 19th. Accord…
The government is revising laws to eradicate "online dark patterns", a method that subtly deceives consumers to gain unfair benefits. The Fair Trade Commission announced on the 18th that it will publicly notify, from the 18th to August 27, …
Eduwill, an online education platform, has been sanctioned for advertising that "9 out of 10 people passed within 3 months" without objective or reasonable grounds. It was also found that while selling online courses for jobs at public corp…
The Fair Trade Commissio recently announced that, starting on the 28th, it will conduct a survey on subcontracting practices covering a total of 100,000 companies in the manufacturing, service and construction sectors. According to the Fair…
