( August 16, 2024, 05:28 GMT | Official Statement) -- MLex Summary: Yu Seong-wook, a veteran official with nearly three decades of experience in the Korea Fair Trade Commission, has been appointed as a standing commissioner effective August 19. Previously serving as director-general of key departments including the Business Group Monitoring Bureau, Yu has been instrumental in regulating major conglomerates and addressing monopolistic practices. His notable achievements include penalizing CJ Group's subsidiary for unfair support practices, sanctioning Kakao Mobility for alleged self-preferencing in the taxi-hailing market and establishing guidelines for screening platform dominance abuse. The commission said it expects Yu's extensive experience and expertise to significantly enhance its decision-making process in promoting fair competition.The statement, in Korean, is attached....
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