1) The KFTC’s decision274
In April 2002, the KFTC issued corrective orders and imposed a surcharge
of KRW 11.2 billion on the 6 foreign graphite electrodes manufacturers that
participated in the international cartel. Although the version of MRFTA at that
point lacked clear statutory language providing for extraterritorial application
of Korean competition law, the KFTC ruled that even when cartel
agreements are made outside of the country by companies established under
foreign laws, it could exercise jurisdiction over them as long as the agreements
were implemented in Korea and had impact on