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Competition advocacy of the Korean competition authority

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  • Competition advocacy of the Korean competition authority
  • Hong, Dae Sik
  • Stanford University Press


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Title Competition advocacy of the Korean competition authority
Similar Titles
Material Type Books
Author(English)

Hong, Dae Sik

Publisher

[Palo Alto, U.S.]:Stanford University Press

Date 2013-12
Journal Title; Vol./Issue Competition and the State:
Pages 17
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Government and Law < Laws and Legislation
Holding Stanford University Press

Abstract

Market competition is not only deterred by private businesses, but is also disrupted by public regulatory interventions, regulatory legislation, and other rulemakings. However, public regulations differ from private business practices. Even when an existing public regulation may seem to contradict with the concept of market competition, it is likely that the public regulation was introduced to address a different type of market failure which competition law does not adequately cover. What might be considered anti-competitive when done by private parties may be treated differently by the government when done through public restraints. Accordingly, in many cases it is difficult to legally assign blame to a private business practice that was affected by the central or local government regulations. (The rest omitted)