Fair Trade Commission (Korea)

The Fair Trade Commission (FTC) in Korea is a government agency responsible for promoting fair competition and protecting consumers. It ensures that businesses follow fair trade practices by preventing monopolies, price-fixing, and deceptive advertising. The FTC investigates violations, imposes penalties, and educates the public about their rights. By fostering a competitive marketplace, the commission aims to benefit consumers and promote economic efficiency, making sure that businesses operate honestly and transparently. This helps maintain trust in the economy and supports the overall well-being of society.