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  • Article

    South Korea Fair Trade Commission To Increase Penalties For Antitrust Violations

    On Sept. 13, 2013, the head of the South Korean antitrust regulator (the Korea Fair Trade Commission) announced a strengthening of the penalties for unfair business activities.
    South KoreaAntitrust/Competition Law
    Orrick
    Orrick
  • Article

    Korean Ruling Places Qualcomm's Business Model At Risk

    On December 28, 2016, the Korean Fair Trade Commission issued a steep fine against Qualcomm for antitrust violations in patent licensing and modem chip sales – a record penalty that the U.S. company will challenge in court.
    South KoreaIntellectual Property
    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
  • Article

    KFTC Imposes Corrective Measure On Dow-Dupont Merger

    According to the KFTC's press release, the proposed merger does not raise competitive concerns in the seed, pesticide...
    South KoreaAntitrust/Competition Law
    Yulchon LLC
    Yulchon LLC
  • Article

    Report on the Future Plans of KFTC (Korea Fair Trade Commission)

    The Korea Fair Trade Commission reported its future plans to closely monitor any cartels or unfair trade practices.
    South KoreaAntitrust/Competition Law
    Kim & Chang
    Kim & Chang
  • Article

    Competition Law/Policy And Korean Economic Development

    This book is a collection of my articles I have written on Korean competition law and policy through my thirty-year career serving in the Korean government.
    South KoreaAntitrust/Competition Law
    Yoon & Yang LLC
    Yoon & Yang LLC
  • Article

    MRFTA Amendments On Expansion Of Merger Notification Exemptions And Introduction Of Commitment Procedures For Merger Control

    On January 25, 2024, the Korea Fair Trade Commission (KFTC) proposed amendments (Amendments) to the Monopoly Regulation and Fair Trade Act (MRFTA) were approved by the National Assembly of Korea
    South KoreaCorporate/Commercial Law
    Lee & Ko
    Lee & Ko
  • Article

    KFTC Proposes Ex-Ante Regulation Of Platforms Under The "Platform Competition Promotion Act"

    On December 19, 2023, the Korea Fair Trade Commission (KFTC) announced its proposal to enact the "Platform Competition Promotion Act" (PCPA) for ex-ante regulation of platforms by designating "dominant platform operators."
    South KoreaAntitrust/Competition Law
    Lee & Ko
    Lee & Ko
  • Article

    Summary Of The Investigative Powers Of The Competition Authority In Korea

    Under the Monopoly Regulation and Fair Trade Act, the Korea Fair Trade Commission may conduct an investigation of its own accord by taking the following measures if it deems that a violation of the act has occurred or is occurring.
    South KoreaAntitrust/Competition Law
    Bae Kim & Lee PC
    Bae Kim & Lee PC
  • Article

    Korean High Court Overrules The KFTC's Decision In Strike By Physicians

    In March 2016, the KMA, an association of more than 100,000 Korean physicians, won a decisive victory over the KFTC when the Seoul High Court entirely overruled the KFTC's sanctions...
    South KoreaAntitrust/Competition Law
    Lee & Ko
    Lee & Ko
  • Article

    Doing Business In Korea: What You And Your Client Need To Know

    Approximately 16,000 foreign companies are doing business in Korea in various industries including finance, technology ...
    South KoreaCorporate/Commercial Law
    Wilson Elser Moskowitz Edelman & Dicker LLP
    Wilson Elser Moskowitz Edelman & Dicker LLP
  • Article

    ICT Sector Government Policy Changes For 2017

    Korea's key ICT-related agencies, the Ministry of Science, ICT and Future Planning, and the Korea Communications Commission, have adopted as a top priority plans to foster new industries in response to the Fourth Industrial Revolution.
    South KoreaTechnology
    Yulchon LLC
    Yulchon LLC
  • Article

    Recent Proposed Amendment to Korea’s Competition Laws

    On February 6 the Korean government issued a draft amendment to the Monopoly Regulation and Fair Trade Act (MRFTA), Korea’s general competition statute. Certain of the key changes proposed may be of particular interest to foreign companies that are intending to commence or are currently doing business in Korea.
    South KoreaAntitrust/Competition Law
    Bae Kim & Lee PC
    Bae Kim & Lee PC
  • Article

    Korea Finalizes Filing Format For Combined Report Of International Transactions (CRIT) And Confirms Taxpayers Required To Submit CRIT

    The Ministry of Strategy and Finance finalized scope of Combined Report of International Transactions and confirmed taxpayers subject to the CRIT requirement through its official announcement...
    South KoreaTax
    Yulchon LLC
    Yulchon LLC
  • Article

    Korea's Antitrust Watchdog Proposes Amendment To The Enforcement Decree Of The Monopoly Regulation And Fair Trade Act

    In June 2016, the Korean Fair Trade Commission ("KFTC") announced its proposed amendment to the Enforcement Decree of the Monopoly Regulation and Fair Trade Act...
    South KoreaAntitrust/Competition Law
    Kim & Chang
    Kim & Chang
  • Article

    The "Special Act On Revitalizing Companies" (The So-Called "One-Shot Act"), Aimed At Enhancing The Competitiveness Of Industries And Vitality Of Companies, To Take Effect In August 2016

    On February 4, 2016, the National Assembly of the Republic of Korea passed the "Special Act on Revitalizing Companies," which is commonly referred to as the "One-Shot Act"...
    South KoreaCorporate/Commercial Law
    Yulchon LLC
    Yulchon LLC
  • Article

    Korea Fair Trade Commission Adopts Investigative Procedure Rules And Amends Enforcement Procedure Rules

    The KFTC established the KFTC Rules on Investigative Procedures and amended the KFTC Rules on Internal Commission Meeting Process and Enforcement Procedures. Those Rules came into force on February 4, 2016.
    South KoreaAntitrust/Competition Law
    Yulchon LLC
    Yulchon LLC
  • Article

    Product Market Definition In Anti-trust Cases Regarding Various Types Of Electronic Commerce Intermediary Distributors

    When determining an abuse of a market-dominant position by an open-market service provider, the Korea Fair Trade Commission will consider the characteristics of an open market, such as parties involved, sources of revenue, liability and risk.
    South KoreaAntitrust/Competition Law
    Bae Kim & Lee PC
    Bae Kim & Lee PC
  • Article

    Regulatory Trends Against Online Platforms In Korea: Focusing On Competition Law Issues

    The growth of e-commerce following the transition to the digital economy is a global phenomenon, with the Republic of Korea ("Korea") being no exception.
    South KoreaAntitrust/Competition Law
    D&A LLC
    D&A LLC
  • Article

    한국의 온라인플랫폼 관련 규제 동향(경쟁법 이슈 중심으로)

    온라인 시장의 성장, 디지털 경제로의 전환은 전 세계적 현상이며 한국도 예외가 아니다. 이러한 온라인 시장의 성장은 기존 거래관계에서 발생했던 문
    South KoreaAntitrust/Competition Law
    D&A LLC
    D&A LLC
  • Article

    Assessing The Impact Of Resale Price Maintenance On Competition

    The US Supreme Court recently held that vertical resale price maintenance (RPM) should be reviewed under the rule of reason standard, overruling the 96-year-old case law establishing the per se illegality of minimum resale price maintenance.
    South KoreaAntitrust/Competition Law
    Bae Kim & Lee PC
    Bae Kim & Lee PC

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