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Shin & Kim

23TH FLOOR, D-TOWER (D2), 17 JONGNO 3-GIL, JONGNO-GU, SEOUL 03155, SOUTH KOREA
Tel:
Work +82 2 316 4114
Fax:
Fax +82 2 756 6226
Email:
Web:
www.shinkim.com
Beijing, Seoul, Shanghai

Main work contacts

CategoryContact
Antitrust and competition YC Yim, J Choi, JY Park
Banking and finance CB Hur, WS Song, HS Hwang, H Pak, KH Moon
Corporate DS Kim, SG Kim, JW Im
Dispute resolution YD Kim, JY Yun, SS Kang, JH Oh
Environment HA Kim, SY Jung
Insolvency and restructuring YK Lee, YS Park, BG Choi
Intellectual property YH Moon, GS Park, BK Lim
International arbitration DS Kim, JM Jeon
International trade and customs DS Kim, HN Jung
IT and telecommunications SG Kim, SN Kang, JY Jang
Labour and employment SR Hong, YS Ki, M Chang, DW Kim
Mergers and acquisitions CH Song, TG Lee, HS Shin, MH Ryu
Projects and energy SH Lee, H Pak, M Chang
Real estate KD Lee, R Young, YW Lee, S Lee
Securities SM Kim, YH Jo, TY Seo
Tax and accounting HJ Kim, C Cho, TY Seo

Legal Developments by:
Shin & Kim

  • Essilor’s Proposed Combination with an Optical Lens Maker in Korea is Blocked

    In its press release on March 17, 2014, the Korea Fair Trade Commission (the "KFTC") blocked the proposed acquisition of 50% shares by Essilor Amera Investment Pte. Ltd. (a subsidiary of Essilor International S.A., the largest optical lens maker in the world) in Daemyung Optical Co., Ltd. (the second largest optical lens maker in Korea) citing inter alia the likely lessening effect on price competition and the probable future abuses of the enhanced market power. On top of the expressed competitive concerns, the KFTC observed that allowing foreign firms to acquire local firms and turn them into their local sub-contractors worsens the competitive market structure of the domestic optical lens industry.
    - Shin & Kim

Legal Developments in South Korea

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