The 공정거래위원회 (Korea Fair Trade Commission) is a government agency in South Korea responsible for promoting fair competition and preventing monopolistic practices. Established in 1980, its main goal is to protect consumers and ensure a level playing field for businesses by enforcing antitrust laws and regulations. The commission investigates unfair trade practices, such as price-fixing and abuse of market dominance. It also reviews mergers and acquisitions to prevent anti-competitive behavior. By fostering a competitive market environment, the 공정거래위원회 aims to enhance consumer welfare and stimulate economic growth in South Korea.