This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Korea Fair Trade Mediation Agency settles more than 10,000 cases in eight years

( January 28, 2016, 08:30 GMT | Official Statement) -- The Korea Fair Trade Mediation Agency has resolved 10,487 cases involving unfair trade practices since it began operations in February 2008. The Korea Fair Trade Commission said that had brought economic gains of 334.9 billion won ($277 million). The most common cases resolved through mediation involved franchise practices (39 percent) followed by subcontracting practices (29.7 percent), general fair trade (27.1 percent), unfair contract clauses (2.8 percent) and distribution deals (1.4 percent). The agency also provided counseling services 39,286 times since 2009 and free legal advice 4,025 times from 2010. The number of cases solved through the agency increases every year and it plans to continue providing services to foster a fair trading environment and to defend small and medium-sized businesses. The KFTC's statement, in Korean, is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections