South Korea's Merger Guidelines Get A Makeover

Law360, New York (December 14, 2007, 12:00 AM EST) -- South Korea's Fair Trade Commission has overhauled its merger guidelines, relaxing restrictions on horizontal mergers involving a single company with 50% market share in favor of more comprehensive assessments of acquisitions' potential effects on competition, according to experts.

Instead of coming down on companies that singlehandedly control half of a market or on trios of companies that together control 70%, the KFTC will now consider overall levels of market concentration, possibilities for competition restriction and the likelihood of the formation of cartels when considering a proposed...
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