[Profile] Kim Jaesin, Vice Chairman of the Fair Trade Commission

[Asia Economy Reporter Moon Chaeseok] On the 14th, Kim Jaesin, the Secretary-General, was appointed as the 20th Vice Chairman of the Fair Trade Commission (FTC). The newly appointed Vice Chairman Kim rose to the vice minister-level position just seven months after taking office as Secretary-General at the end of January.

The FTC plenary session, which deliberates on unfair practices, consists of a total of nine commissioners: the minister-level Chairman, the vice minister-level Vice Chairman, three standing commissioners at the director-general level (Grade 1), and four non-standing commissioners.

The new Vice Chairman Kim is known within the FTC as a figure who has proven his investigative capabilities and demonstrated outstanding organizational management skills during his tenure as Secretary-General, earning strong trust internally.

He is famous for leading field operations during the process of preparing the comprehensive revision of the Fair Trade Act, which the FTC pursued for the first time in 38 years in 2018.

He also showed a solid presence during his seven months as a standing commissioner.

At the end of May, he served as co-chairman of the public-private joint special task force (TF) that created guidelines for online platform reviews.

Earlier that month, when controversy arose over the commission fees of Baedal Minjok, he announced a high-intensity investigation.

He stated, "Being able to arbitrarily change the commission fee structure while undergoing review for monopoly related to corporate mergers is a clear example that can gauge the market dominance of the company in question, regardless of the advantages or disadvantages to small business owners."

The FTC is scheduled to announce the level of sanctions against several companies, including the Hanwha Group's case of preferential subcontracting.

◆Career

▲ Born in 1968 ▲ Graduated from Seoul Hwagog High School ▲ Department of Economics, Sungkyunkwan University ▲ Master’s in Business Administration, Korea Development Institute ▲ Master’s in Financial Management, Michigan State University, USA ▲ Passed the 34th Administrative Examination ▲ Director of Corporate Transaction Policy Bureau, Fair Trade Commission ▲ Director of Competition Policy Bureau, Fair Trade Commission ▲ Standing Commissioner, Fair Trade Commission ▲ Secretary-General, Fair Trade Commission

This content was produced with the assistance of AI translation services.