Fair Trade Commission Appoints Kim Seong-sam, Director of Corporate Transaction Policy Bureau, as Standing Commissioner
[Asia Economy Reporter Hyunseok Yoo] The Fair Trade Commission announced on the 7th that it has appointed Kim Seongsam, Director of the Corporate Transaction Policy Bureau, as the new standing commissioner (Level 1). This personnel change follows the resignation of former standing commissioner Shin Youngho.
The newly appointed Commissioner Kim graduated from Korea University with a degree in Economics and entered public service by passing the 35th Administrative Examination.
He has served as the Planning and Coordination Officer of the Fair Trade Commission, Director of the Seoul Office, Director of the Corporate Group Bureau, and Director of the Corporate Transaction Policy Bureau. While serving as Director of the Corporate Transaction Policy Bureau, he was recognized for successfully promoting amendments to the Subcontracting Act to protect small and medium-sized enterprises' technical data, including easing the requirements for recognizing technical data and mandating confidentiality agreements for technical data.
During his tenure as Director of the Corporate Group Bureau, he contributed to institutional improvements for transparent ownership and governance structures of large business groups by sanctioning unfair profit-seeking acts by Daelim and Taekwang, and conducting fact-finding surveys to prepare comprehensive improvement measures for internal transactions in the system integration (SI) and logistics sectors.
The Fair Trade Commission has a total of three standing commissioners. Along with the Chairman, the Vice Chairman, and four non-standing commissioners, they deliberate on agendas submitted by the Fair Trade Commission Secretariat at the plenary session (equivalent to a first-instance court). The term of office is three years, with the possibility of one reappointment.
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The Fair Trade Commission explained, "The newly appointed Commissioner Kim has extensive experience and expertise in policy and case handling in the field of fair trade, having served in key positions within the Commission. Based on this, he is expected to contribute to the Commission's rulings and institutional development."
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