Fair Trade Commission (South Korea)
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. In 1996, the status of the KFTC Chairman was elevated from vice-ministerial to ministerial level.
Read more about Fair Trade Commission (South Korea): Organization, Enforcement, Microsoft Decision
Famous quotes containing the words fair, trade and/or commission:
“Talleyrand said that two things are essential in life: to give good dinners and to keep on fair terms with women. As the years pass and fires cool, it can become unimportant to stay always on fair terms either with women or one’s fellows, but a wide and sensitive appreciation of fine flavours can still abide with us, to warm our hearts.”
—M.F.K. Fisher (b. 1908)
“We are the trade union for pensioners and children, the trade union for the disabled and the sick ... the trade union for the nation as a whole.”
—Edward Heath (b. 1916)
“The Church seems to totter to its fall, almost all life extinct. On this occasion, any complaisance would be criminal which told you, whose hope and commission it is to preach the faith of Christ, that the faith of Christ is preached.”
—Ralph Waldo Emerson (1803–1882)