It was reported yesterday that The Fair Trade Commission of South Korea(FTC) has opened a new division to investigate and monitor international cartels. The new division will be responsible for monitoring foreign companies for possible fair trade law violations as well as those carried out by foreign business associations. There have been increasing number of cross-border cartels suspected of violation on fair trade laws. However,until now, the FTC has been unable to crack down international cartel cases due to personnel shortages. The new division is expected to cope with that kind of challenges efficiently. Here is the original news article.

© 2008 Wonil Chung, a Korean Antitrust Lawyer/Chung & Partners, a Korean Antitrust Law Firm.  All rights reserved. Some copyrights, photos, icons, trademarks, trade dress, or other commercial symbols that appear on this post are the property of the respective owners.