Enforcement amid the turmoil

Thursday, 10 May 2012

Over the past year, Korea’s Fair Trade Commission has taken an active role in attempting to stabilise prices and boost consumer welfare during the economic crisis. The KFTC’s director general of competition policy, Joong-weon Jeong, explains the commission’s perspective on its role in the larger Korean economy

Yulchon hires former FTC official

Monday, 16 April 2012

Cecil Saehoon Chung
Cecil Saehoon Chung, a former US Federal Trade Commission (FTC) official, has joined Yulchon as head of the firm’s international antitrust team.

Korea targets mobile collusion

Tuesday, 20 March 2012

The KFTC fined the companies for "unfair attraction of customers".
Korea’s Fair Trade Commission (KFTC) has fined mobile phone carriers and handset manufacturers 45 billion won (€30.4 million) for colluding to raise the price of mobile phone handsets.

Chinese enforcer to speak at GCR Live

Friday, 24 February 2012

Junfeng Cai, of MOFCOM’s Anti-Monopoly Bureau, will be taking part in a China-focused panel at GCR Live: Law Leaders Asia-Pacific, to be held next Friday and Saturday in Singapore.

Korea combats defence companies

Wednesday, 08 February 2012

Korea has fined the companies for fixing bids for submarine contracts
Korea’s Fair Trade Commission (KFTC) has fined four of the country’s major defence manufacturers for allegedly fixing auctions relating to a 2.7 trillion won (€1.8 billion) project to build next generation submarines.

Korea penalises Samsung and LG

Friday, 13 January 2012

Samsung and LG may escape fines under leniency programme
Korea’s Fair Trade Commission (KFTC) has fined Samsung Electronics and LG around 45 billion won (€30.5 million) for colluding to increase the prices of their electronic products.

Korea fines cathode ray tubes cartelists

Wednesday, 14 December 2011

The KFTC fined CTR glass makers €36 million
Korea’s Fair Trade Commission has fined four manufacturers of cathode ray tube glass 54.5 billion won (€36 million) for participating in a cartel.

Enforcers upping the ante against cartels

Tuesday, 15 November 2011

Ribeiro says enforcers are increasing pressure on cartelists
Competition authorities in four continents are improving leniency programmes and introducing harsher individual penalties to combat cartels, said a panel at the GCR Live Law Leaders Conference in Brussels today. Katy Oglethorpe in Brussels

Seagate/Samsung cleared despite "highly concentrated" market

Thursday, 20 October 2011

Seagate/Samsung cleared
After conducting an in-depth investigation, the European Commission has announced that it will allow Seagate to acquire Samsung’s hard disk drive business – without imposing any conditions on the deal.

Wal-Mart gets green light to enter South Africa

Tuesday, 31 May 2011

Remedies agreed in Wal-Mart deal
US retail chain Wal-Mart has today gained clearance from South Africa’s Competition Tribunal to buy local food retailer Massmart, subject to comprehensive commitments. 

Yoon & Yang gains partner

Premium Article - Tuesday, 08 March 2011

Kim moves to private practice
Yoon & Yang LLC has hired a former antitrust judge at Seoul’s High Court as a partner in the firm’s competition practice.

Korean court overrules competition law in pharma appeal

Premium Article - Friday, 26 November 2010

Korea’s Supreme Court yesterday ruled that minimum resale price maintenance should be reviewed under the rule of reason, which goes against the country’s competition statute.

BHP Billiton/Rio Tinto teetering on antitrust brink

Premium Article - Friday, 08 October 2010

BHP/Rio Tinto deal on rocky ground
Two antitrust authorities have given clear indications that they may block the joint venture between iron-ore companies BHP Billiton and Rio Tinto over competition concerns, raising serious questions over the future of the deal.

KOREA: KFTC establishes “Guidelines on Submission of Economic Analysis Evidence”

Premium Article - Monday, 27 September 2010

Dong-Pyo Hong and Youngjin Jung Kim & Chang Seoul

Former KFTC lawyer moves to Yulchon

Premium Article - Tuesday, 07 September 2010

Soo Jin Kang
Yulchon has hired a former litigation officer at Korea’s Fair Trade Commission (KFTC), Soo Jin Kang, as an antitrust partner in the firm’s Seoul practice.

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