FTC tightens penalty rules for false advertising in Korea Korean firms face stricter fines for false advertising violations ...

Kakao Mobility, the ride-hailing subsidiary of Korean tech giant Kakao, has been fined $10.5 million (KRW 15.1 billion) by ...

It also could position Korea to run afoul of its international trade commitments.” He made the remarks three months after the ...

Korea extends hotel cancellation window to 24 hours Korea revises accommodation cancellation rules to reduce disputes.

upholding a lower court ruling in favor of the Korea Fair Trade Commission (FTC). The two companies filed the suit after the commission fined them in 2012 for collusion in the bid for the sonar ...

The Korea Fair Trade Commission's Seoul office issued a warning on the 5th after judging that a merchant association at Noryangjin Fisheries Market in Seoul violated the Fair Trade Act.

The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared with gasoline vehicles as well ...

According to the Korea Fair Trade Commission on Thursday, Jeonju Paper, Daehan Paper and Paper Korea engaged in price-fixing by twice raising prices by 60,000 won per ton, in 2021 and 2022.

Kakao Mobility holds the largest market share in the country’s taxi-hailing market, capturing a 96% market share as of 2022, according to a statement by the Korea Fair Trade Commission (KFTC ...

Significantly, South Korea’s Fair Trade Commission earlier ruled that the new combined business must maintain at least 90% of the total available seats in 2019. This should dampen fears of ...