Monopoly Regulation and Fair Trade Act

Detected March 20th, 2026

Summary

This document provides the text of South Korea's Monopoly Regulation and Fair Trade Act. It outlines the legal framework governing monopolies, fair trade practices, and competition within the country. The act aims to promote fair and free competition and protect consumers.

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What changed

This document presents the full text of the Monopoly Regulation and Fair Trade Act of South Korea. It details the legal provisions related to the prohibition of monopolistic activities, unfair trade practices, and the regulation of business combinations. The act serves as the primary legislation for maintaining a competitive market environment and safeguarding consumer interests.

Compliance officers should familiarize themselves with the provisions of this act to ensure their organization's business practices adhere to South Korean competition law. While this document is the foundational text and does not specify immediate actions or deadlines, adherence to its principles is mandatory for any business operating within or engaging with the South Korean market. Non-compliance can lead to significant penalties and legal challenges.

What to do next

Review the Monopoly Regulation and Fair Trade Act for applicable provisions
Ensure business practices comply with South Korean competition law

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