KPPU Introduces New Guideline On Simplified Assessment

In response to the multiple interpretation of the latest Merger Regulation ("2019 Merger Regulation"), the KPPU finally issued implementing guidelines on merger, consolidation, or acquisition, which came into force in 6 October 2020.

Assessment

First introduced in July 2020 (despite already being a common practice of the KPPU from an earlier period), (click here to read our client update on this topic), the KPPU has now formally acknowledges the simplified merger¹ notification procedure under the new guideline. Now, the simplified procedure is referred to as an "simplified assessment.".

Once KPPU approves or decides to implement an assessment, eligible businesses will essentially be on the "fast track" for receiving their merger review. The guideline regulates that the KPPU must complete this simplified assessment within 14 business days, which is expected to occur and be completed within the 60 business days clarification and research phase. This is a