S. Korea's Antitrust Cop To Limit Leniency For 2nd Filers

Law360, New York (March 16, 2012, 7:04 PM EDT) -- South Korea's antitrust watchdog on Wednesday proposed limiting the conditions under which the second company to seek cartel leniency can get its fine cut in half and hiking the base penalties for violating merger notification rules.

The changes, which are expected to take effect in mid-June, are part of the Korea Fair Trade Commission's effort to accommodate amendments to the country's competition law passed at the end of February.

Under the agency's plan, it will become harder for second filers to get their fines trimmed in...
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