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The Korean Fair Trade Commission: an antitrust watchdog to watch
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The Korean Fair Trade Commission chairman ("KFTC"), has presented its 2013 agenda, which prioritises the reform of large conglomerates, increasing competition opportunities and fairness for small businesses, eradicating cartel practices and creating a fair market environment for consumers.
Although this ambitious agenda may, to some extent, appear to focus more on domestic structural market issues, with a particular focus on Chaebols, foreign companies engaged in business in South Korea should not be mistaken: they will probably not be left alone.
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