Study on the Existence of KPPU as a Commission of the Supervision of Business in the Era of Economic Globalization

Apriani, Desi and Idris, Zulherman and Lestari, Meilan (2019) Study on the Existence of KPPU as a Commission of the Supervision of Business in the Era of Economic Globalization. Jurnal Scopus, 10. ISSN 2201-1323

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Abstract

Law Number 5 of the Year 1999 concerning the Prohibition of Monopolistic Practices and Unfair Business Competition was created as a manifestation of the government's attention on business competition and in order to ensure that everyone in Indonesia is in a fair business competition. This law also harmonizes national regulations with international business law standardization. Law Number 5 of the Year 1999 also includes provisions for an unauthorised commission, the KPPU (Business Competition Supervisory Commission), which handles cases of alleged law violations; however, it has been 20 years since the enactment of the law, and many people feel that the commission’s presence no longer answers the problem of business competition, mainly due to current economic globalisation. This paper was a normative study that focused on secondary data and was supported by some phenomena that occur in the business competition world. Economic globalisation demands the renewal of business competition law in Indonesia through the strengthening of the KPPU as a Business Competition Commission in Indonesia, so that the KPPU can guarantee the creation of a healthy business climate and achieve prosperity for all people.

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