Boosting the Implementation of Thai Trade Competition Act of 1999: Lesson From Korean Experience of Enforcing the Monopoly Regulation and Fair Trade Act of 1980

Abstract

The development of Korean competition law provides important lessons for Thailand due to the high degree of similarity in their respective national politico-economic structures during the 1960s - 1970s. The two countriesû market structures were heavily influenced by monopolies and their governmentsû use of strict market price controls. In stark contrast to Thailand's unsuccessful competition law of 1979, the Korean competition Act of 1980 began to adjust the rules of game for all competitors in almost every market and continue to play a significant role in maintaining a free and fair market policy. The purpose of this paper is to enhance the implementation of Thai Trade Competition Act of 1999 by learning Koreanûs experience as a model for Thailand: 1) comparative analysis of the development of anti-monopoly law in Korea and Thailand: toward repealing or preempting statutes conflicting with Thai Trade Competition Act of 1999; 2) expanding the Thai Trade Commissionûs Authority to include consumer protection.

Abstract in Thai unavailable