South Korea introduces self-compliance guidelines to support eco-friendly business activities

( December 4, 2024, 04:24 GMT | Official Statement) -- MLex Summary: The Korea Fair Trade Commission has introduced self-compliance guidelines under the competition law to support eco-friendly business activities, clarifying legal ambiguities that could otherwise expose businesses to regulatory scrutiny for potential violations. The regulator outlines areas and business activities where competition law targeting collusion and unfair practices may be relaxed. For example, activities traditionally considered to amount to cartel behavior, such as collective research and development, and joint production and information exchanges, could be exempt from competition law violations if their environmental benefits outweigh the restrictions on competition.The statement, in Korean, is attached....

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South Korea introduces self-compliance guidelines to support eco-friendly business activities

Prepare for tomorrow’s regulatory change, today

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