Joo Byeong-gi "Reviewing the need to establish standard terms and conditions for the lodging industry... Survey will be completed soon."

“We will conduct a preliminary review of the Uber-Baemin business combination and look into the impact on small business owners and riders.”

(Sejong = Yonhap News) Reporter Kim Soo-hyun = Fair Trade Commission Chairman Joo Byeong-ki said on the 21st, "We will review the need to enact standard terms and conditions for the lodging industry."

Chairman Joo responded to Democratic Party lawmaker Han Min-soo's point out that there are no separate terms and conditions in place even though many refund and cancellation disputes related to the lodging industry are occurring during the audit of the National Assembly's Political Affairs Committee on this day.

Chairman Joo said, “We are currently conducting a survey of actual conditions related to lodging,” and added, “It will be completed soon. Taking that into consideration, we will review (whether to enact standard terms and conditions).”

Regarding the preliminary review of the business combination that the Fair Trade Commission is pursuing for Uber Technologies' acquisition of Germany's Delivery Hero (DH), he said, "We will carefully look into and review the impact on small business owners, the impact on riders, and the impact on the competitive order."

Delivery Hero is the largest shareholder of Woowa Brothers, the operator of Baedal Minjok.

In response to the point that the merger with Korean Air and Asiana Airlines may increase air ticket prices and infringe on consumer convenience, the company responded, "We will keep this in mind and continue to thoroughly monitor each route that remains to be implemented."

Instead of approving the business combination of Korean Air and Asiana Airlines in December 2024, the Fair Trade Commission took measures such as stipulating that the number of seats supplied per year on 26 international routes and 8 domestic routes with high concerns about competition restrictions should not be reduced below 90% compared to 2019.

When the Fair Trade Commission changed the mandatory shareholding ratio of subsidiaries and subsidiaries within the holding company system from 30% for existing listings and 50% for unlisted companies to maintaining it at 50% for new overlapping listings, People Power Party lawmaker Song Eon-seok asked whether this was putting shackles on companies, saying, "For non-listed companies, (the shareholding requirement) is 50%, but the fact that only listed companies (so far) set the shareholding requirement at 30% means that they applied a special exception only to listed companies." “It is,” he explained.

He went on to say, “In the holding company system, significant control can be exercised even with a small stake,” adding, “Such special treatment for listed companies is not appropriate in our country’s advanced capitalism.”