This report discusses the introduction and development of Korean competition policies to provide policy-makers of developing countries information and insight on implementing their own competition policies. Korean competition policies have contributed to the successful achievement of the country’s policy goals. They have been customized in terms of direction and level of enforcement in coordination with the different stages of Korea’s economic development, including the stage of: price stabilization; consumer protection; vitalization of market competition; and economic growth. This report will first discuss the achievements of competition policies that have contributed to the Korean economy, and then describe the process of formation and development of competition policies against the backdrop of overall economic circumstances and policies. This will lead into explanations and evaluations of the current enforcement system and major aspects of Korean competition policies. The final section will discuss the implications that can be extracted from the Korean experience.
The organization of the report is in the following order: The Introduction of Competition Policies in Korea: Objectives and Achievements (Chapter 1); The Introduction of Korean Competition Policies: Background and Necessity (Chapter 2); The History of the Development of Korean Competition Policies (Chapter 3); The System of Korean Competition Enforcement (Chapter 4); Main Issues of Korean Competition Law (Chapter 5); The Effects of Competition Law Enforcement (Chapter 6); and The Implications for Developing Countries (Chapter 7).