Abuse Of Dominant Position Through Predatory Pricing

Distortion of competition in the relevant market through predatory pricing is a common form of competition infringement. In practice, an undertaking in a dominant position aims to push its rivals out of the market by obstructing their competitiveness with low prices, and prevents potential rivals from entering the market. After rivals are pushed out of the market, the undertaking compensates its losses by increasing its prices above the competitive price limit.

In the light of the foregoing, this article will review predatory pricing as a common form of infringement on competition.

Legal Basis

Article 6, entitled "Abuse of Dominant Position", of the Act on the Protection of Competition No. 4054 ("Competition Act") states a non numerous clausus list of abuses of dominant position.