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Chinese e-commerce platforms to face tighter antitrust scrutiny

With increasing complaints from Korean consumers regarding the quality of products and the prevalence of knock-off items they purchased from Chinese e-commerce platforms, the country’s antitrust regulator vowed to strengthen the monitoring of foreign operators’ unfair business practices and uphold stern punishments for any illegal activities under relevant domestic laws. The Fair Trade Commission on Wedne. ....

United States , South Korea , Soult Ukpyolsi , Consumers Union Of Korea , American Chamber , Fair Trade Commission On , Fair Trade Commission , Han Ki Jeong , Statistics Korea , Sejong Government , Park Se Min , Consumers Union ,

Arms procurement agency paves way for Hanwha-DSME acquisition

The Defense Acquisition Program Administration (DAPA) told the Fair Trade Commission (FTC) last week that Hanwha Group s acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) will not restrict competition in the warship market, according to government officials, Tuesday. ....

South Korea , European Commission , Korea Development Bank , Fair Trade Commission , Hanwha Group , Defense Acquisition Program Administration , Dosan Ahn Chang Ho , Daewoo Shipbuilding , Marine Engineering , Geoje Island , South Gyeongsang Province , Sejong Government , Std Hyundai , South Korea , He Korea Times , Orea Times , Orean News In English ,

Korea to foster local grain production to bolster food self-sufficiency

The government will foster the output of locally-grown grain to help increase the country s food self-sufficiency rate to 55.5 percent by 2027, up from 44.4 percent last year, the agriculture ministry said Thursday. The number of overseas grain terminals operated by local firms will be increased to five from two, to secure stable grain distribution channels. ....

Port Of Longview , United States , Kim Jung Hee , Pan Ocean , Rural Affairs , Courtesy Of Ministry Agriculture , Ministry Of Agriculture , Sejong Government Complex , Sejong Government , Indo Pacific Economic Framework , Self Sufficiency , South Korea , North Korea , He Korea Times , Orea Times , Orean News In English ,