Fair Trade Commission Archives | Be Korea-savvy
FTC Chief Praises Market Kurly for Co-existence with Suppliers

FTC Chief Praises Market Kurly for Co-existence with Suppliers

SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s antitrust chief gave a positive assessment of the win-win system with suppliers led by online grocery shopping platform Market Kurly. Joh Sung-wook, the chairperson of the Fair Trade Commission (FTC), met Thursday with representatives of Market Kurly and its suppliers at the company’s logistics center in Seoul’s [...]

3 Major Shipbuilders Accused of Not Duly Paying Subcontractors

3 Major Shipbuilders Accused of Not Duly Paying Subcontractors

SEJONG, Sept. 10 (Korea Bizwire) — Major South Korean shipbuilders have been accused of not duly paying subcontractors for their works, industry sources said Tuesday. The Fair Trade Commission launched probes into Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. over their alleged failures to pay subcontractors between [...]

S. Korea Asks Google to Change Some of its Terms of Service

S. Korea Asks Google to Change Some of its Terms of Service

SEJONG, Mar. 14 (Korea Bizwire) — Google Inc. said Thursday that it has decided to voluntarily correct many of its terms of service after South Korea’s antitrust regulator made the world’s first corrective recommendation against the U.S. Internet giant. The Fair Trade Commission (FTC) said Google should inform its users individually of changes to its [...]

Younger Students Can Take TOEFL Test Without Parents or Guardians Present: Regulator

Younger Students Can Take TOEFL Test Without Parents or Guardians Present: Regulator

SEJONG, Mar. 10 (Korea Bizwire) — Students aged 15 years or younger can take a leading English language proficiency test in South Korea without their parents or guardians being present, the country’s antitrust regulator said Sunday. The Educational Testing Service, a U.S. nonprofit organization that administers and scores the Test of English as a Foreign [...]

Supreme Court Orders Reconsideration of FTC’s US$243 mln Penalty Ruling on Qualcomm

Supreme Court Orders Reconsideration of FTC’s US$243 mln Penalty Ruling on Qualcomm

SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s Supreme Court has found that a 2009 penalty decision by the state antitrust watchdog against U.S. Qualcomm Inc. was not completely lawful, sending the case back to a lower court for reconsideration, court officials said Monday. The Fair Trade Commission (FTC) fined the global chipmaker 273.2 billion [...]

New Government Regulations for Advertising Fine Print

New Government Regulations for Advertising Fine Print

SEOUL, Feb. 1 (Korea Bizwire) — The Fair Trade Commission (FTC) announced on Thursday that it had prepared guidelines for the effective delivery of disclaimers included in advertisements to prevent consumer misunderstanding. From now on, there will be fewer advertisements that mislead consumers by embedding important information in fine print. For example, when advertising an [...]

Fair Trade Commission to Investigate Online Influencers for Deceitful Advertising

Fair Trade Commission to Investigate Online Influencers for Deceitful Advertising

SEOUL, Sept. 6 (Korea Bizwire) — The Fair Trade Commission will look into online influencers who advertise commercial products on their individual social media accounts without disclosing that they are being paid for the advertisement. The commission announced yesterday that it would carry out an intensive investigation into deceptive advertisements posted on Instagram, a social [...]