FTC Chair Joo Says Divestiture Orders Could Strongly Curb Private Benefit-Taking

Fair Trade Commission Chair Joo Byung-ki said in Manila that excessive concentration of economic power in large business groups should be considered a structural cause of market monopolization. He said structural measures, including divestiture orders, could have a significant effect in curbing the extraction of private benefits. The remarks link concentration among major conglomerates with market monopolization and private benefit-taking, while outlining the direction of fair trade policy responses. Future discussions are expected to focus on the scope and effectiveness of such structural measures. Source: yna.co.kr