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KFTC chairwoman calls for flexible approach to market definition in digital markets

( April 7, 2022, 03:09 GMT | Official Statement) -- MLex Summary: Competition regulators need a flexible approach to market definition in digital markets and should come up with ways that better assess anticompetitive effects in mergers and acquisitions among platform businesses, KFTC chairwoman Joh Sung-wook said at the Enforcers Summit, co-hosted by the US Federal Trade Commission and the Department of Justice in Washington D.C. The closed meeting, held for the first time on April 4, brought together competition chiefs from some 30 countries, including Germany, Belgium, the UK, France, Canada, Australia, Japan and Brazil. In bilateral talks with heads of the European Commission's Directorate-General for Competition, US FTC and a deputy attorney-general at DOJ, Joh called for cooperation among competition agencies to address information asymmetry in enforcement for digital markets.The statement from the Korea Fair Trade Commission about Joh's remarks at the summit, in Korean, is attached. ...

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