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Korea advised to adopt EU regulatory model to prevent impacts of AliExpress' rapid growth

Korea needs to introduce a systemic and sophisticated e-commerce-related regulatory framework, like the ones implemented by the European Union (EU), as the lack of a legal basis here delays the timely checks needed concerning emerging threats posed by AliExpress and Temu to Korean e-commerce companies, experts said. ....

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Banks unnerved by FTC probe into collusion on secured loans

The country’s top four commercial lenders are on alert over an investigation by the Fair Trade Commission (FTC), into years of alleged collusion whereby they allegedly maintained their terms and conditions for secured loans at similar levels to limit competition, according to market watchers, Monday. They are KB Kookmin, Shinhan, Hana and Woori. ....

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[INTERVIEW] FTC chief vows to scrutinize monopolistic platform firms for irregularities

Scrutinizing monopolistic online platform firms by introducing timely regulations will be the 2024 policy focus for the country s antitrust agency, in order to prevent those firms from dominating exclusive markets, the head of the Fair Trade Commission said. ....

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FTC to regulate platform businesses' monopolistic practices

By AsiaToday reporter Lee Ji-hoonThe Fair Trade Commission (FTC) has proposed a bill to pre-regulate monopolistic platform operators, such as Naver an.. ....

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Broadcom slapped with W19.1b fine for abusing market power

South Korea’s antitrust regulator said Thursday it is imposing a fine of 19.1 billion won ($14.2 million) on US chipmaker Broadcom, along with a corrective order, for its unfair business activities against Samsung Electronics. The move came as the US chipmaker forced Samsung to sign a long-term contract to use its telecommunications components in 2020 by abusing its market dominance and using unlawful tactics, . ....

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