South Korea seeks stronger cartel enforcement with expanded investigative powers
By Wooyoung Lee ( May 27, 2026, 07:30 GMT | Insight) -- Businesses operating in South Korea could face more intensive cartel investigations with proposals by the country’s competition regulator to extend the maximum statute of limitations for cartel offenses from 12 years to 15 years, along with tougher penalties including revocations of business licenses. Cartel enforcement remains a central priority for the Korea Fair Trade Commission as it seeks to strengthen cartel enforcement tools and expand its capabilities with new investigative and economic analysis units. Businesses operating in South Korea could face more intensive cartel investigations with proposals by the country’s competition regulator to extend the maximum statute of limitations for cartel offenses from 12 years to 15 years, along with tougher penalties including revocations of business licenses....
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