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:
“When I was a bachelor, I lived by myself
And I worked at the weaver’s trade;
The only, only, thing that I ever did wrong
Was to woo a fair young maid.
I wooed her in the winter time,
And in the summer too;
And the only, only thing that I ever did wrong
Was to keep her from the foggy, foggy dew.”
—Unknown. The Foggy, Foggy Dew (l. 1–8)
“No king on earth is as safe in his job as a Trade Union official. There is only one thing that can get him sacked; and that is drink. Not even that, as long as he doesn’t actually fall down.”
—George Bernard Shaw (1856–1950)
“It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime.”
—Thomas Paine (1737–1809)