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South Korean antitrust official calls for evolving competition policies

( November 6, 2025, 03:07 GMT | Official Statement) -- MLex Summary: At a meeting with foreign chambers of commerce in Seoul on Thursday, Ju Biung-ghi, chair of the Korea Fair Trade Commission, emphasized the growing global economic interdependence and the need for evolving competition policies to keep up with digital transformation and the rapid growth of online platforms. He acknowledged that South Korea's competition policies are increasingly influencing global companies and that local businesses and consumers are becoming more reliant on international firms. Ju called for a shift in policy-making to address these changes and stressed the importance of ongoing international dialogue to bridge differences in competition laws and enforcement practices and to reduce misunderstandings.The statement, in Korean, is attached....

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