We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Korea Tweaks Leniency For Cartel Whistleblowers

Law360 (August 14, 2007, 12:00 AM EDT) -- After a year of vacillating in its regulatory strictness, Korea’s Fair Trade Commission will toughen its leniency requirements so that cartel heads will not qualify for whistleblower amnesty—and will sweeten the deal for second-in cartel members.

In its announcement Monday, the Commission said that in addition to giving full immunity to the so-called first-in as it does now, it will reduce the fines levied against second-in cartel members by 50%, down from the current reduction of just 30%.

Currently, even the leaders and the bullying members...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.