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Search results for Fair Trade Act

Finance

KB Securities adopts fair trade compliance programme to strengthen compliance culture

KB Securities has introduced a fair trade compliance programme (CP) and is moving to expand a voluntary compliance culture. The company aims to strengthen its internal compliance system to establish a fair trading order and boost financial consumer trust. It said it held a declaration ceremony for the programme. The system is an internal compliance framework for voluntarily observing fair trade laws and is evaluated and operated by the Korea Fair Trade Mediation Agency under the Fair Trade Commission.

Finance

Nextrade STO consortium cleared by FTC, steps up push for final licence

An NXT fractional investment consortium involving Nextrade will accelerate its push for a final licence for an over-the-counter trading venue after South Korea\'s Fair Trade Commission found no wrongdoing in claims of unfair technology use and business interference. Nextrade said the watchdog concluded it was hard to see that it used Lucentblock\'s technology or obstructed its business. The consortium plans to apply for final approval and prepare for a market launch in the fourth quarter of 2026.

Games & Commerce

FTC changes Coupang controlling person to founder Kim Bum-suk; Coupang to challenge in court

South Korea\'s Fair Trade Commission on Tuesday changed Coupang\'s designated controlling person from the company to founder Kim Bum-suk. The designation affects disclosure obligations and the scope of rules on unfair internal transactions. The FTC said it concluded Kim\'s brother did not meet an exception requirement because he effectively took part in management. Coupang said it would explain its position through an administrative lawsuit and plans to file an objection within 7 days.