Yulchon Law Firm (led by Managing Partner Kang Seok-hoon) announced on September 3 that it has appointed Kim Hyung-bae, a former member of the Fair Trade Commission (FTC) and current head of the Korea Fair Trade Mediation Agency, as a senior advisor.
Kim, who entered public service after passing the 34th National Administrative Examination, has dedicated over 30 years to fair trade policy development and enforcement. He has held key positions within the FTC, including Director of the Market Surveillance Bureau, Director of the Cartel Investigation Bureau, and Director of Market Structure Improvement Policy, before serving as a member of the commission.
During his tenure at the FTC, Kim was directly involved in investigations and reviews of significant cases, including abuses of market dominance by large domestic and international corporations, major cartel cases, unfair support practices, and mergers involving domestic and foreign companies, as well as issues related to platforms and subcontracting laws.
As the fifth president of the Korea Fair Trade Mediation Agency, he contributed to the relief of small and medium-sized enterprises and the promotion of a culture of voluntary compliance with fair trade regulations, as well as the modernization of the fair trade mediation system.
Kim is also recognized for his international expertise in competition law. He has served as an advisor on competition and consumer policy for the United Nations Conference on Trade and Development (UNCTAD), as a minister-counselor at the South Korean Embassy in the United States, and as vice-chair of the OECD Competition Committee. His deep insights into the latest trends and enforcement of global competition law are expected to benefit both domestic and international corporations seeking fair trade advice.
Additionally, Kim is regarded as an authority in the field of compliance programs, having authored the bestselling book 'Theory and Practice of Fair Trade Law,' which is considered essential reading for legal professionals and FTC officials.
With Kim's extensive experience in fair trade policy formulation, case investigation, international cooperation, and dispute resolution, Yulchon aims to enhance its advisory capabilities in the fair trade sector and provide more sophisticated and practical solutions to the complex fair trade risks and regulatory issues faced by businesses.
* This article has been translated by AI.
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