Fair Trade Commission appoints Yuseong Wook, Director of Corporate Group Monitoring Bureau, as Standing Commissioner

The Fair Trade Commission announced on the 16th that it has newly appointed Yoo Seong-wook, Director of the Corporate Group Surveillance Bureau, as a standing commissioner.

Commissioner Yoo passed the 39th Administrative Examination and entered public service in 1996, having served in key departments and roles such as Distribution Policy Officer, Director of the Market Surveillance Bureau, and Director of the Corporate Group Surveillance Bureau.

While serving as Director of the Corporate Group Surveillance Bureau, he contributed significantly to restoring fair trade order in related markets by protecting the rightful interests originally enjoyed by small and medium-sized merchants, including sanctioning large-scale unfair personnel support practices by CJ Freshway, an affiliate of the corporate group CJ.

Additionally, he imposed fines on unfair support practices among affiliates of the corporate group Sampyo during the process of establishing a succession base for management rights to the second generation of the same person, sanctioning long-term covert unfair support practices in the construction raw materials sector (powder market), which is closely related to people's livelihoods.

Commissioner Yoo is evaluated as a competent manager who actively communicates with employees and gathers opinions from the initial stage of setting work directions to derive the most reasonable outcomes.

The Fair Trade Commission stated, "Commissioner Yoo has accumulated extensive experience in major cases and adjudication departments of the FTC, and as a fair trade expert well-versed in both practical and theoretical aspects, including a dispatch to the Supreme Court and obtaining a New York State attorney license in the United States, he is expected to make significant contributions to future FTC adjudications."

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