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KFTC Adopts Amended Merger Review Guidelines for Greater Guidance in Reviewing Mergers in Innovation Industries

South Korea - March 11 2019 Effective Feb. 27, 2019, the Korea Fair Trade Commission (the “KFTC”) adopted an amended version of its Merger Review Guidelines, three months after…

Cecil Saehoon Chung, Hae Sik Park, Kyoung Yeon Kim, Seuk Joon Lee, Sung Bom Park, Sung Moo Jung, Yun Jeong Keun.

KFTC Proposes Merger Review Standard for Innovation (R&D) Mergers and Big Data Mergers

South Korea - November 16 2018 In its notice of request for public comments dated November 16, 2018 (but posted on its website on November 12th), the KFTC announced its proposed…

Hae Sik Park, Kyoung Yeon Kim, Seuk Joon Lee, Sung Bom Park, Sung Moo Jung, Yun Jeong Keun.

Korean Ministry of Justice and KFTC to Abolish KFTC’s Exclusive Criminal Referral Right and Share Concurrent Jurisdiction over Hard-Core Cartel Conduct

South Korea - August 22 2018 In a ground-breaking development, on August 21, 2018, the Korean Ministry of Justice (KMOJ) and the Korea Fair Trade Commission (KFTC) signed an…

Cecil Saehoon Chung, Hae Sik Park, Kyoung Yeon Kim, Seuk Joon Lee, Sung Bom Park, Sung Moo Jung, Yun Jeong Keun.

KFTC Task Force Releases Final Report on Antitrust Enforcement Reform Measures

South Korea - March 8 2018 On November 10, 2017, the Korea Fair Trade Commission’s (“KFTC”) Task Force for Enhancing Law Enforcement System (“TF”) released an interim report…

Cecil Saehoon Chung, Hae Sik Park, Kyoung Yeon Kim, Seuk Joon Lee, Sung Bom Park, Sung Moo Jung, Yun Jeong Keun.

Lawmakers to Mandate Designation of Local Agents for Foreign IT Companies

South Korea - February 26 2018 Until now, regulatory loopholes make it possible for foreign IT companies that have no physical presence in Korea to evade compliance with Korean laws…

Doil Son, Jai Wook Lee.