Korea Tweaks Leniency For Cartel Whistleblowers

Law360, New York (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...
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