South Korea’s antitrust chief is set to visit China this week to attend a competition forum and step up bilateral cooperation to crack down on abuses caused by market dominance, the Korean Fair Trade Commission (KFTC) announced on Monday, July 30.
Kim Sang-jo will give a keynote speech on South Korea’s competition policy at the two-day forum in Beijing, which runs through Tuesday, the watchdog announced in the statement.
The KFTC chairman will also hold talks with Zhang Mao, minister of China’s State Administration of Market Regulation.
During the planned meeting with Zhang, Kim will ask his counterpart not to discriminate against South Korean firms doing business in China, the KFTC stated.
South Korean firms have been significantly hit by China’s unofficial retaliatory measures over the deployment of the US military defense shield, the Terminal High Altitude Area Defense, in South Korea.
Full Content: Yonhap News
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