South Korea Vows Antitrust Vigilance

Law360, New York (June 18, 2008, 12:00 AM EDT) -- With inflation rising, South Korea's antitrust watchdog has reportedly promised to keep a close watch on the marketplace and crack down on any price-fixing.

On Wednesday, Baek Yong-ho, the head of South Korea's Fair Trade Commission, indicated that the organization would be scrutinizing the oil, mobile phone services, private education, automobiles and medical services in particular, Yonhap news agency reported.

"With inflation expectations rising, we are currently paying close attention to market-distorting activities such as price-rigging," he said, Yonhap reported.

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