S. Korea Hosts Enforcers’ Summit with ASEAN and CIS to Discuss Competition Policies.

Seoul: The antitrust regulator announced on Tuesday that a meeting was held with competition authorities from the Association of Southeast Asian Nations (ASEAN) and the Commonwealth of Independent States (CIS) to share policy experiences and explore avenues for enhanced cooperation. According to Yonhap News Agency, the enforcers' summit, which is the second of its kind, gathered several officials from competition authorities in countries such as Malaysia, the Philippines, Mongolia, Armenia, Kazakhstan, and Uzbekistan. The event took place in Seoul, where participants exchanged insights on creating and implementing competition-related policies and regulations aimed at fostering market innovation and protecting consumer rights, as reported by South Korea's Fair Trade Commission (FTC). An FTC official emphasized the importance of cooperation among competition authorities, especially considering the advent of new technologies and rapid market changes. The official stated that South Korea is committed to further strengthening its cooperative relationship with foreign counterparts through high-level exchanges.