The Korea Fair Trade Commission (Chairperson: Joh Sung-wook, hereinafter “KFTC”) approved Jeju Air to acquire shares of Eastar Jet after the merger review. Eastar Jet was recognized as a “failing company” under Article 7 (2) of the Monopoly Regulation and Fair Trade Act (hereinafter “MRFTA”) and exempt from the application of the antitrust restrictions under Article 7 (1) of the MRFTA.
The World Federation of Direct Selling Associations (WFDSA) released 2019 global statistics a few weeks ago. Last year the independent direct sellers made up a global force of 129.9 million people. They generated US$180.4 billion (*) of sales.