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South Korean regulator updates unfair trade practices guidelines

( December 30, 2024, 01:48 GMT | Official Statement) -- MLex Summary: South Korea's competition regulator has unveiled amendments to its Guidelines for Review of Unfair Trade Practices, effective today. According to the Korea Fair Trade Commission, key changes include clarifying that patent litigation abuse to block market entry will be considered unfair customer inducement, removing the requirement for a continuous trading relationship in determining superior bargaining position and specifying that ESG compliance activities like requesting data from subsidiaries won't count as unfair business interference. The guidelines also better protect startups against technology misappropriation by larger companies, taking into account circumstances in which businesses may have no initial revenue or high revenue volatility. The amendments reflect recent KFTC decisions, court precedents and industry recommendations.The statement, in Korean, is attached. ...

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