Hwijin Choi

Oct 2, 2024 | globalcompetitionreview.com | Ryan Kang |Hwijin Choi |Youngseok Kim

IntroductionThere has been active discussion recently in South Korea on how to properly regulate the digital market. So far, the Korea Fair Trade Commission (KFTC), the country’s competition regulator, has been regulating the digital market by enforcing existing regulations, such as the Monopoly Regulation and Fair Trade Act (MRFTA), and issuing relevant guidelines.

Sep 11, 2024 | lexology.com | Ryan Kang |Hwijin Choi

In July 2024, media reports revealed that two Korean e-commerce platforms, TMON and WeMakePrice, were experiencing cash flow difficulties, leading to significant delays in payments to sellers, which in turn resulted in financial distress for the small businesses relying on the two platforms. This incident sparked public and government discussions about the need for stronger regulations to prevent similar occurrences in the future and to enhance protections for platform sellers.

Jun 5, 2024 | lexology.com | Ryan Kang |Shin Kiwon |Hwijin Choi

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Mar 19, 2024 | lexology.com | Ryan Kang |Hwijin Choi |Jennifer Kwon

In 2023, recognizing the importance of the semiconductor industry in the Korean economy, several governmental bodies initiated a comprehensive review to introduce measures aimed at fostering its growth.