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The Rule of Law in a Market Economy: Globalisation of Competition Law in Korea

Published online by Cambridge University Press:  04 November 2014

Yo Sop Choi
Yo Sop Choi*
Affiliation:
MA in Economics (State University of New York at Buffalo); LLM (Erasmus University Rotterdam); LLM (Durham University); PhD in Law (University of Glasgow); Assistant Professor, Hankuk University of Foreign Studies, Seoul
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Abstract

Globalisation requires a competition law regime since this is an important element of the overall state economic policy. For countries in the developing world that are facing globalisation, a sound framework of competition law is crucial for solving the problems of private restraints on trade, such as boycotts against foreign firms, and of economic concentration. In particular, competition law plays a prominent role in ensuring that the rule of law is followed in a competitive market in modern society. This article discusses the issues arising in the development of the Korean economy and competition law, as an example of success in the progress of competition policy, and suggests proposals for further development.

Keywords

Republic of Koreacompetition lawglobalisationdeveloping countryeconomic democratisation
Type
Articles
Information
European Business Organization Law Review (EBOR) , Volume 15 , Issue 3 , September 2014 , pp. 419 - 437
Copyright
Copyright © T.M.C. Asser Press and the Authors 2014 

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