Mitigation on regulations regarding free gift sweepstakes *

South Korea - March 25 2013
The Korea Fair Trade Commission ("KFTC") revised the Guideline on Types of and Criteria for Unfair Trading on Free Gift (hereinafter, "Gift…

Co-authors: Sung Man Kim.

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Increase in the reward for cartel whistleblowers *

South Korea - March 25 2013
The Korea Fair Trade Commission ("KFTC") revised the Guideline on Reward to Whistleblowers (hereinafter, "Reward Guideline") for enforcement starting…

Co-authors: Sung Man Kim.

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The revised Enforcement Decree of the Monopoly Regulation and Fair Trade Act limits benefits for second-place leniency applicants and increases administrative fines *

South Korea - August 21 2012
On June 22, 2012, the government began its enforcement of the revised Enforcement Decree of the Monopoly Regulation and Fair Trade Act (the “Revised Enforcement Decree”) to limit the benefits available to second-place leniency applicants and to increase the sanction for a violation of the duty to file the business combination report.

Co-authors: Sung Man Kim.

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The revised Guidelines for Notification on Combination of Enterprises increases predictability and decreases burden on companies *

South Korea - August 21 2012
In an effort to clarify the ambiguous provisions regarding the duty to file a business combination report with the Korea Fair Trade Commission (“KFTC”), the Guidelines for Notification on Combination of Enterprises (the “Guidelines”) have been revised to reduce confusion, simplify the format, and to reduce the burden on companies.

Co-authors: Sung Man Kim.

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The Monopoly Regulation and Fair Trade Act revised to strengthen the Korea Fair Trade Commission *

South Korea - June 5 2012
On February 27, 2012, the National Assembly passed the revised Monopoly Regulation and Fair Trade Act (the “MRFTA”), which strengthens the authority of the Korea Fair Trade Commission (the “Commission”), to be enforced starting June 22, 2012.

Co-authors: Sung Man Kim.

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