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Mitigation on regulations regarding free gift sweepstakes
- Lee & Ko
- -
- South Korea
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- 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
Increase in the reward for cartel whistleblowers
- Lee & Ko
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- South Korea
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- March 25 2013
The Korea Fair Trade Commission ("KFTC") revised the Guideline on Reward to Whistleblowers (hereinafter, "Reward Guideline") for enforcement starting
The revised Enforcement Decree of the Monopoly Regulation and Fair Trade Act limits benefits for second-place leniency applicants and increases administrative fines
- Lee & Ko
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- 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
The revised Guidelines for Notification on Combination of Enterprises increases predictability and decreases burden on companies
- Lee & Ko
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- 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
The Monopoly Regulation and Fair Trade Act revised to strengthen the Korea Fair Trade Commission
- Lee & Ko
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- South Korea
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- 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
Enforcement of the consent order system
- Lee & Ko
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- South Korea
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- June 5 2012
Pursuant to the revised Monopoly Regulation and Fair Trade Act (“MRFTA”) on December 2, 2012, which includes the consent order system, the Korea Fair Trade Commission (the “KFTC”) has issued the “Regulation of the Administration and Procedures of the Consent Order System” (hereinafter, the “Regulation”) containing the detailed procedures and operational guidelines, which has been effective since of April 1, 2012
Announcement for the revised enforcement decree of the Monopoly Regulation and Fair Trade Act
- Lee & Ko
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- South Korea
- -
- March 23 2012
On March 14, 2012, the Korea Fair Trade Commission (the "KFTC") announced the revision of the Enforcement Decree of the Monopoly Regulation and Fair Trade Act
The National Assembly passed a bill to amend the Monopoly Regulation and Fair Trade Act
- Lee & Ko
- -
- South Korea
- -
- March 6 2012
On February 27, 2012, the National Assembly passed the bill to amend the Monopoly Regulation and Fair Trade Act (the "MRFTA"), the main competition statute in Korea
Current Search
- Jurisdiction - South Korea
- Author - Yong Seok Ahn