By Jenny Lee ( August 25, 2026, 06:35 GMT | Comment) -- The Korea Fair Trade Commission is drafting a bill that would let it order a company to divest shares or a business line as punishment for cartels or the abuse of dominance, a power it has only ever had in merger review. The same idea was reviewed and shelved in 2018, and the objections that prevented its adoption then remain unresolved.For as long as South Korea has had a competition law, the Korea Fair Trade Commission, or KFTC, has been able to fine companies, order them to stop breaking it and refer the worst offenders for criminal prosecution. What it has never been able to do, outside of reshaping a merger that's already underway, is order an already-operating company to sell off part of itself as punishment for how it behaved....
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