Antitrust Antitrust

South Korea set to strengthen public-tender oversight, increase subcontracting-law penalties

By Wooyoung Lee
  • 24 Aug 2023 08:55
  • 24 Aug 2023 09:26
Businesses in South Korea are expected to experience two major changes in antitrust oversight under recent amendments to the competition law and an upcoming change to the penalty structure for violations of subcontracting law.
The Korea Fair Trade Commission, or KFTC, aims to broaden its oversight of bid-rigging activities in

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Wooyoung Lee

Correspondent, Seoul

Wooyoung Lee is a correspondent based in MLex’s Seoul office, South Korea, covering antitrust, privacy and data security, mergers and acquisitions and financial services. Wooyoung has more than a decade of experience in journalism, public policy and research. She has worked and written for news outlets including The Korea Herald, Al Jazeera International, Bloomberg BNA, Monocle, among others.

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