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South Korean antitrust chief highlights small business, consumer protections in 2025 agenda

( January 1, 2025, 01:01 GMT | Official Statement) -- MLex Summary: In his New Year's address, Korea Fair Trade Commission Chairman Han Ki Jeong outlined the agency's key priorities for 2025, addressing South Korea's economic challenges marked by sluggish domestic recovery and growing market uncertainties. To ease pressures on small businesses and consumers, the regulator plans to strengthen subcontractor protections, pushing for legislative amendments to regulate online platform transactions and address payment settlement issues. The agency will focus on preventing collusion and unfair practices, intensifying scrutiny of platform giants to curb anti-competitive behavior and backing legislation to limit their dominance. It also aims to safeguard consumer rights across all markets and streamline regulations for large conglomerates to promote economic growth and fair competition. The statement, in Korean, is attached....

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