Logvinenko V.D., Korchagin A.G. Competition law of South Korea: antimonopoly legislation and its key positions (comparative analysis)

Abstract: This article is dedicated to the characterization of the competition legislation in South Korea, as well as the new positions in the Fair Trade Act, effective implementation of which has produced significant impact upon the rapid economic development in the nation. A special attention is given to the positions on regulation of the activities of industries that hold dominant positions in the market, acts aimed at limiting competition, as well as responsibility for violation of the antimonopoly laws. This work also examines the South Korean exclusive chaebol companies. The scientific novelty of this research consists in the comparison of the South Korean law and the law of the Russian Federation and the search for similar features between these two economically different countries. The rapid development of all spheres of life on the Korean population within extremely short period of time for such process (less than 50 years) forces researchers to study new directions of policy in this country and its mechanisms for legal regulation. Especially interesting is the existence of similar positions in the antimonopoly legislation of the countries in question, which allows us to understand in combination with which norms these positions act most efficiently.

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