Fair Trade Commission Holds Competition Law Briefing for Korean Companies in Singapore and Malaysia

[Asia Economy Sejong=Reporter Dongwoo Lee] The Korea Fair Trade Commission (KFTC) announced on the 24th that it held seminars on competition law to prevent Korean companies from suffering disadvantages due to violations of competition laws in Singapore and Malaysia.

The Singapore competition law seminar was held face-to-face locally for the first time, while the seminar in Malaysia was conducted online in a non-face-to-face format.

Singapore and Malaysia are countries where Korean companies actively invest, with annual investments exceeding $2.4 billion and $800 million respectively as of last year.

Through the seminars, the KFTC explained key aspects of competition laws in Singapore and Malaysia, including merger and pre-merger notification procedures, and conducted Q&A sessions with experts.

Along with the seminars, the KFTC published and distributed a booklet explaining Malaysia's competition law. Since 2020, the KFTC has been publishing competition law explanation booklets for countries including Japan, China, Russia, Indonesia, India, Vietnam, Singapore, and Thailand.

The KFTC stated, "We plan to continue support activities to ensure that Korean companies do not violate the competition laws of these countries, including faithfully reflecting the contents confirmed through Q&A sessions in future revisions of the explanation booklets."

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