초록

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Abstract ▼ AI-Helper

The Fair Trade Act pursues various objectives. According to Article 1, regarding the purposes of the Act, it seeks to promote fair and free competition, thereby encouraging creative enterprise activities, to protect consumers and to strive for balanced development of the national economy, by preve...

The Fair Trade Act pursues various objectives. According to Article 1, regarding the purposes of the Act, it seeks to promote fair and free competition, thereby encouraging creative enterprise activities, to protect consumers and to strive for balanced development of the national economy, by preventing any abuse of market-dominating positions by entrepreneurs and any excessive concentration of economic power, and by regulating undue collusion and unfair trade practices. Upon this stipulation, the purposes of the Fair Trade Act are divided into the direct goal (to promote fair and free competition) and the ultimate goal (to encourage creative enterprise activities, to protect consumers, and to strive for balanced development of the national economy). In this context, the substantive components of the Act can be divided into three categories on the basis of the objectives each seeks to achieve: (1) regulations to promote and ensure free competition; (2) regulations to ensure fair trade; and (3) regulations to reduce the concentration of economic power.

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