( February 28, 2024, 02:58 GMT | Official Statement) -- MLex Summary: During a recent gathering in Seoul, Cho Hong-sun, vice chairman of the Korea Fair Trade Commission, and Manish Kumar, deputy assistant attorney general of the US Department of Justice Antitrust Division, exchanged insights on their law-enforcement experiences in tackling competition challenges emerging from the digital economy. They also delved into discussions regarding their operational agenda for this year, among other topics. Cho underscored the KFTC's commitment to actively combat collusion in sectors such as finance, telecommunications and intermediary goods, recognizing their direct impact on the public's economic well-being. Additionally, he outlined strategies to proactively detect and thoroughly analyze potential threats to competition and consumer rights, with a particular focus on burgeoning technology sectors such as artificial intelligence. The meeting concluded with both parties reaffirming the significance of collaborative efforts among competition authorities.The KFTC statement, in Korean, is attached....
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