2) Types of unfair trade practices
There are seven types of unfair trade practices stipulated in the MRFTA: (i) Act of unfairly rejecting any transaction or discriminating against a certain transacting partner; (ii) act of unfairly excluding competitors; (iii) act of unfairly inducing or coercing customers of competitors to deal with the enterpriser in question; (iv) act of engaging in a trade with a transacting partner by unfairly taking advantage of its own position in the transaction; (v) act of trading under conditions that unfairly restrict the business activities of a trading partner or disrupt the business activities of another enterpriser; (vi) act of assisting a person with special interest or other companies by providing advanced payment, loans, manpower, real estate, stocks and bonds, goods and services, intangible assets and such, or by transacting under substantially favorable terms, and (vii) any act that threatens to impede fair trade other than those listed above.
With the law stipulating these types in a general and abstract manner, its Enforcement Decree specifies them in more detail. The types of unfair trade practices are divided into general practices applying to all business areas and special practices applying to distinctive business areas or particular conducts. There are 28 kinds of conducts in the nine types of general unfair trade practices and the four areas that are categorized as special unfair trade practices.