S. Korea Criminalizes Antitrust Probe Interference

Law360, New York (March 01, 2012, 6:19 PM ET) -- South Korea's legislature on Monday passed several amendments to the country's competition law, including criminalizing some types of interference with antitrust investigations and setting a 30-day deadline for post-closing merger reviews.

The measures, which are set to take effect three months after their passage in the country's National Assembly, also include some changes to the statute of limitations for the Korean Fair Trade Commission to investigate anti-competitive conduct and raise the maximum penalties for trade associations caught up in cartel probes.

Though cartel participants have always...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers