SEOUL, 3 SEPTEMBER 2025 – The Malaysia Competition Commission (MyCC) and the Korea Fair Trade Commission (KFTC) today signed a Memorandum of Understanding (MoU) to enhance cooperation in the field of competition law enforcement and policy. The MoU Signing Ceremony took place during the 13th Seoul International Competition Forum held at The Shilla Seoul, South Korea.
Tan Sri Dato’ Sri Idrus Harun, Chairman of MyCC, signed on behalf of MyCC, while Dr. Kijeong Han, Chairman of KFTC, signed on behalf of KFTC. Also present to witness the signing were Datuk Haji Iskandar Ismail, Chief Executive Officer of MyCC and Mr. Dongryeul Shin, Director General of KFTC.
The MoU provides a framework for cooperation between the two agencies, including the exchange of non-confidential information on legislative developments and cases, technical cooperation to enhance enforcement capacity, expert meetings and participation in international events of mutual interest. Both agencies also agreed to support international cooperation initiatives relating to cross-border anticompetitive conduct.
This partnership demonstrates the shared vision and commitment between MyCC and KFTC to build resilient enforcement regimes and advancing regional cooperation in competition law and policy. Notably, Malaysia stands to benefit from the extensive experience of KFTC in merger control as MyCC prepares to introduce its own merger regime by 2026.
“KFTC was established in 1981 and has since become one of the leading competition agencies in Asia, if not the world. Our cooperation began several years ago, most notably in 2019 when KFTC sent their experts to MyCC under the Expert Dispatch Programme where valuable insights on bid rigging and merger control were shared. This MoU marks
a natural next step in our ongoing partnership. It is our sincere hope that through this partnership MyCC will continue to draw upon the rich experience and expertise of KFTC, while contributing our own perspectives. Together, we can work to advance the cause of competition policy not only within our respective jurisdictions, but also across the wider region and beyond,” said Tan Sri Dato’ Sri Idrus Harun, Chairman of the Malaysia Competition Commission.