( November 12, 2025, 03:00 GMT | Official Statement) -- MLex Summary: South Korea’s antitrust chief Ju Biung-ghi said that eradicating cartels remains one of the top priorities for the Korea Fair Trade Commission, describing cartels as “the most exploitative face of the economy” that monopolize market surplus, worsen inequality and stifle competition, in a welcome speech at the International Competition Network Cartel Workshop in Seoul on Thursday. He said that the regulator stepped up monitoring of cartels in essential consumer goods and services such as furniture, school uniforms, sugar and flour, and vowed to tighten the oversight of bid rigging in public procurement to prevent waste of taxpayers’ money. The KFTC has also launched proactive research into emerging forms of cartels such as algorithm-driven cartels or “green cartels.” The speech, in Korean, is attached....
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