New FTC head vows removal of anti-competitive practices : co

New FTC head vows removal of anti-competitive practices

Fair Trade Commission (FTC) Chairman Han Ki-jeong pledged Monday to gradually ease anti-competitive practices in the market, pursuing a broader policy directive to restore fair competition underpinned by healthy market principles. Unnecessary, unclear and outdated regulations will be removed to help the country's large conglomerates, long bogged down by a lack of predictability in administrative judgments and oftentimes subject to arbitrary, restrictive interpretations and implementations of related laws, he said.

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