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South Korea plans to introduce penalties for non-compliance with antitrust probes

By Wooyoung Lee ( January 28, 2026, 06:23 GMT | Insight) -- Companies in South Korea may be subject to fines if they fail to cooperate with antitrust investigations, as the country's competition regulator seeks to introduce penalties for non-compliance as part of a broader push to bolster its enforcement powers through higher maximum fines. South Korea's antitrust chief Ju Biung-ghi told President Lee Jae Myung at a cabinet meeting that the agency plans to impose fines of up to 1 percent of annual sales, along with penalties of up to 5 percent of daily sales for non-compliance with antitrust probes. Businesses in South Korea could face fines for refusing to cooperate with antitrust investigations, as the country’s competition regulator moves to introduce penalties for non-compliance as part of a broader effort to strengthen its enforcement powers by raising maximum fine rates....

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