FAIR TRADE LAW

Article 15

No enterprise shall engage in any concerted action unless the concerted action that meets one of the following requirements is beneficial to the economy as a whole and in the public interest, and the application with the competent authority for such concerted action has been approved:

1. unifying the specifications or models of goods or services for the purpose of reducing costs, improving quality, or increasing efficiency
2. joint research and development on goods, services, or markets for the purpose of upgrading technology, improving quality, reducing costs, or increasing efficiency
3. each developing a separate and specialized area for the purpose of rationalizing operations
4. entering into agreements concerning solely the competition in foreign markets for the purpose of securing or promoting exports
5. joint acts in regards to the importation of foreign goods, or services for the purpose of strengthening trade
6. joint acts limiting the quantity of production and sales, equipment, or prices for the purpose of meeting the demand orderly, because of economic downturn, that the enterprises in the same industry have difficulty to maintain their business or encounter a situation of overproduction
7. joint acts for the purpose of improving operational efficiency or strengthening the competitiveness of small and medium enterprises or
8. joint acts required for the purposes of improving industrial development, technological innovation, or operational efficiency.

After receipt of the application referred to in the preceding Article, the competent authority shall make a decision within three months, the period of which may be extended once if necessary.