South Korea's revived price-reset order tests limits of regulatory oversight
By Wooyoung Lee ( October 28, 2026, 06:11 GMT | Comment) -- South Korea’s competition regulator has revived a cartel remedy that it rarely used for nearly two decades — an order requiring companies found to have engaged in price-fixing to reset their selling prices to levels that would have been in the absence of collusion. While the move is intended to strengthen cartel enforcement, uncertainty over how companies should reset prices and how much discretion they would have over pricing threatens the legal certainty and predictability needed for the remedy to work as intended.South Korea’s competition regulator has revived a long-dormant remedy requiring companies involved in price-fixing to reset their prices to levels that would have prevailed without collusion. But the lack of clear compliance standards risks exposing businesses to prolonged regulatory oversight and potential criminal liability without knowing how to satisfy the regulator's requirements....
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