[Exclusive] Kim Jeonggi Appointed as President of Korea Fair Trade Mediation Agency Under the Fair Trade Commission... Inauguration on June 1

Kim Jeonggi, Standing Member of the Korea Fair Trade Commission, will be inaugurated as the 7th President of the Korea Fair Trade Mediation Agency, an agency under the Korea Fair Trade Commission, on June 1.

On May 12, a government official stated, "Standing Member Kim recently passed the personnel verification process at the Office of the President and is awaiting appointment by Chairman Joo Byunggi of the Fair Trade Commission." The term of office for the president of the Mediation Agency is three years.

Choi Younggeun, the current president, is scheduled to step down after holding a farewell ceremony on May 29. President Choi has led the agency since July 2023 and has expressed his intention to resign ahead of the expiration of his term in July.

Standing Member Kim graduated from Seoul National University with a degree in Business Administration and entered public service after passing the 37th Civil Service Examination. Since then, he has held key positions in the Fair Trade Commission, including Director-General of the Cartel Investigation Bureau, Director-General of the Business Group Bureau, Director-General of the Competition Policy Bureau, and Director-General of the Market Surveillance Bureau. Since March 2024, he has served as a Standing Member of the Fair Trade Commission’s deliberation body.

During his tenure as Director-General of the Market Surveillance Bureau, he took action against unfair advertising practices by major private academies and publishing companies to eradicate the private education cartel, and imposed the largest ever fine under the Electronic Commerce Act for Nexon's manipulation of game item probabilities. As Director-General of the Competition Policy Bureau, he contributed to establishing fair trade order and fostering a competitive environment by providing a legal basis for the Compliance Program (CP) through amendments to the Fair Trade Act.

The Korea Fair Trade Mediation Agency, established in 2007, is an agency under the Fair Trade Commission that handles dispute mediation related to fair trade, fair trade education, and the management of consent decisions. As of January, the agency had 122 staff members and an annual budget of 16.6 billion won for this year.

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