Fair Trade Commission (South Korea)

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Fair Trade Commission

공정거래위원회 公正去來委員會 Gongjeong Georae Wiwonhoe
FTC headquarters in Sejong
Agency overview
Formed	December 23, 1994; 29 years ago (1994-12-23)
Jurisdiction	Government of South Korea
Headquarters	Sejong, South Korea
Agency executives	Han Ki-jeong, Chairperson Cho Hong-sun, Deputy Chairperson
Website	ftc.go.kr

The Korea Fair Trade Commission (KFTC) is South Korea's regulatory authority for economic competition. It was established in 1981 within the Economic Planning Board. The establishing law was the Monopoly Regulation and Fair Trade Act (MRFTA), Law No. 3320, December 31, 1980. In 1994, the Fair Trade Commission and its secretariat were separated from the Economic Planning Board as an independent vice ministerial-level, central administrative organization.^[1] In 1996, the status of the KFTC Chairman was elevated from vice-ministerial to ministerial level.