Fair Trade

Voluntary Compliance Guide
Understanding the fair trade system
I. Fair trade system
  • - Purpose of the fair trade system
  • - Laws related to the Fair Trade Act
  • - Main ideas of the Fair Trade Act
  • - Other laws related to fair trade

II. Conglomerates
  • - Overview of regulations on conglomerates
  • - Significance of conglomerates
  • - Category of conglomerates

III. Disclosure system
  • - BOD resolution and disclosure of large-scale internal trade
  • - Notification system of important matters of unlisted companies
  • - Disclosure system on the status of large conglomerates

IV. M&A
  • - Concept of M&A
  • - Types of M&As
  • - General matters concerning M&A under the Fair Trade Act
  • - Examination of M&As
  • - Sanctions in case of violations

V. Restriction of unfair joint actions
  • - Contents of the law
  • - Requirements for unfair joint action (Article 19.1)
  • - Presumption of unfair joint actions (Article 19.5)
  • - Types of unfair joint action (Article 19.1-8)
  • - Sanctions for unfair joint conduct
  • - Exclusion of application of regulations on unfair joint actions
  • - Leniency program

VI. Prohibition of abuse of market dominance
  • - Overview
  • - Subject applied
  • - Legal explanation
  • - Sanctions for violations of the law

VII. General unfair trade practices
  • - Unfair rejection of trade (beginning of Article 23.1.1)
  • - Unfair discriminatory behaviors (end of Article 23.1.1)
  • - Exclusion of competing business (Article 23.1.2)
  • - Unfair inducement of customers (beginning of Article 23.1.3)
  • - Forced trade (end of Article 23.1.3)
  • - Abuse of position in trade (Article 23.1.4)
  • - Conditional trade (beginning of Article 23.1.5)
  • - Interference with business activities (end of Article 23.1.5)
  • - Unfair internal trade (unfair support)
  • - Maintaining the resale price (Article 29).

VIII. Subcontract regulations
  • - Purpose of the Subcontract Act and purpose of the legislation
  • - System of the Subcontracting Act
  • - Scope of the Subcontracting Act
  • - Obligations of the principal contractor
  • - Prohibited actions of the principal contractor
  • - Obligations of the client: Direct payment of the subcontract price
  • - Sanctions for violations of law
  • - Procedure for handling cases in violation of law

IX. Act for contract regulations
  • - Purpose of contract regulations
  • - Definition of terms and conditions (Article 2)
  • - Regulation for contract regulations
  • - Control over contract regulations
  • - Unfair contract clauses

X. Self-inspection Checklist
  • - Items to be checked

CP. Voluntary Fair Trade Compliance Program
  • - CP Overview
  • - CP operation system
  • - Operation rules for the Voluntary Fair Trade CP
  • - Operation standards for the Voluntary Fair Trade CP
  • - Operation standards for monitoring of the Voluntary Fair Trade CP
  • - Operation standards for the training program for the Voluntary Fair Trade CP
  • - Operation standards for document management for the Voluntary Fair Trade CP
  • - Sanctions standards for the violation of the Voluntary Fair Trade CP
  • - Reporting process