Ju Biung-ghi Chairperson of the Korea Fair Trade Commission will attend the 25th International Competition Network (ICN) annual conference as head delegate in Manila, the Philippines, on the 6th to 8th (local time). The ICN is a consultative body established in 2001, with 148 countries including the United States, the European Union, and Japan participating.
This annual conference is hosted by the Philippine Competition Commission. Key topics include strategic planning and setting priorities, addressing algorithmic collusion in the digital environment, merger policy in changing competitive conditions, balancing the effectiveness and predictability of unilateral conduct enforcement, and ways to champion innovation competition.
The Chairperson in particular plans to discuss "strategic planning and setting priorities to build agile and forward-looking competition authorities" with senior officials from the competition authorities of Greece, Hungary, the United Kingdom, Kenya, and Polynesia at the plenary session on the 6th. The Chairperson plans to point out unfair practices stemming from the gap between large corporations and small and midsize corporations and monopolization in the platform economy, and to present policy directions to respond.
The Chairperson will also hold high-level bilateral consultations with the Australian Competition and Consumer Commission, the Italian Competition Authority, and the Directorate-General for Competition of the European Commission during the annual conference, and will sign a memorandum of understanding with the Philippine competition authority.