Antitrust laws were enacted to promote competition by making certain anticompetitive activities illegal. Anticompetitive activity occurs when a company purposely engages in certain activities to reduce competition, create monopoly or abuse its competitive power in a relevant market. Examples of anticompetitive activity includes: horizontal/vertical price fixing, market allocation, exclusive franchise agreements, price discrimination and predatory pricing.
Hannuri Law’ antitrust practice focuses on representing businesses and individuals who have been the victims of anticompetitive conduct. The firm has taken a leading role in many of the largest price-fixing cases in Korea.