Tag: ftc

ftc

Latest News

Ju Biung-ghi, the chairman of the Fair Trade Commission, speaks during a meeting in Seoul on May 21. [YONHAP]

Construction companies roll out support measures for subcontractors with FTC

Korea's leading construction firms unveiled on Thursday a set of measures to seek shared growth with subcontractors, in line with the antitrust watchdog's efforts to eradicate unfair practices.

2026.5.28

Fair Trade Commission Chairman Ju Biung-ghi speaks to reporters during a briefing in Sejong on May 27. [YONHAP]

Antitrust watchdog chief hints at referring Coupang chair on criminal charges

Fair Trade Commission Chairman Ju Biung-ghi signaled that the agency may refer Coupang chairman Bom Kim to prosecutors on criminal charges over allegations that the e-commerce giant submitted false documents to avoid designation as a conglomerate.

2026.5.27

Most popular

People protest outside a Starbucks branch in Gwangju on May 21. [NEWS1]

Starbucks Korea faces review of refund rule for prepaid cards as 'Tank Day' fallout continues

The fallout from Starbucks Korea's "Tank Day" controversy has spilled into a regulatory review of the company's 427.6 billion won ($281 million) prepaid card business, as Korea's antitrust authority examines a refund rule.

2026.5.25

This file photo taken on Dec. 25, 2025, shows delivery trucks parked at a Coupang logistics center in Seoul. [YONHAP]

5 delivery firms hit with $2 million in fines for unfair contracts

Korea's antitrust watchdog on Monday imposed a combined 3 billion won ($2 million) in fines on five parcel delivery companies for violating the subcontracting law by taking advantage of their dominant position in the market.

2026.5.18

Bom Kim, chairman of the board of Coupang [COUPANG]

Coupang files lawsuit against FTC ruling designating Bom Kim as controlling entity

Coupang, the Korean unit of U.S.-listed e-commerce giant Coupang Inc., has filed a lawsuit against a decision by the country's antitrust watchdog designating founder Bom Kim as the company's de facto controlling entity, officials said Monday.

2026.5.11

Antitrust regulator designates Bom Kim as Coupang's 'controlling entity' in regulatory reversal

Korea's antitrust regulator designated Coupang Inc. CEO Bom Kim as the local controlling entity of the beleaguered e-commerce platform Coupang on Wednesday, a move that could place the Korean American business owner in tighter regulatory shackles.

2026.4.29

Fair Trade Commission Chairman Ju Biung-ghi speaks at a meeting of ministers related to managing market prices affecting people's livelihoods held at the government complex in Seoul on April 23. [NEWS1]

6 paper manufacturers fined 338.3 billion won for price fixing

Six paper manufacturers were fined a total of 338.3 billion won ($228.8 million) for price collusion, the head of the antitrust watchdog said Thursday.

2026.4.23

Korea's antitrust watchdog investigates major retailers over alleged distribution law violations

Korea's antitrust watchdog has launched an investigation into two major retailers over alleged violations of the country's large-scale distribution law, industry sources said Monday.

2026.4.20

A driver is seen refueling his vehicle at a gas station in Seoul on April 15. [NEWS1]

FTC chief reports that probe into gas station price-fixing is almost complete

Korea's antitrust watchdog will soon complete its investigation of gas station price-fixing and collusion.

2026.4.15

FTC sign is shown on its headquarter in Sejong [YONHAP]

FTC's collusion-related fines in Q1 more than triple from all of 2025: Data

Collusion-related corporate fines imposed by Korea's antitrust regulator more than tripled in the first quarter compared with the total for all of 2025, industry data showed Wednesday.

2026.4.1