Abstract
This Essay first focuses on the process of the enactment and development of Korean antitrust law, and then provides an overview of the objectives, substantive contents, structure, and function of the KAA’s enforcement agencies and enforcement procedures. Next, this Essay proposes an analysis of the root cause of the KAA’s lack of success in transforming the monopolistic or oligopolistic market structure into a more competitive one, and suggests some ideas for revising the KAA. Finally, this Essay proffers lessons from the Korean experience for China.
Keywords: Antitrust law, Competition (Economics), Monopolistic competition, China, South Korea
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