Japan: Regulator to set rules for data-sharing tie-ups

Japan: Regulator to set rules for data-sharing tie-ups

According to a report from Nikkei, Japan’s antitrust regulator will craft rules for cross-sector partnerships in high-tech fields like automated driving and connected devices, seeking to prevent monopolies on big data and intellectual property. In planning conferences starting in December, the Japan Fair Trade Commission’s (JFTC) Competition Policy Research Center aims to clarify at what […]

Taiwan: Qualcomm & regulators settle antitrust suit

Taiwan: Qualcomm & regulators settle antitrust suit

After being slapped with a US$774 million fine for antitrust violations, Qualcomm has reached an agreement with Taiwan’s Fair Trade Commission (TFTC) to remedy the situation. The California-based tech giant will only be forced to pay US$93 million of the initial fine,  money which it has already paid, and it must follow a handful of […]

South Korea: KFTC chief to visit China this week

South Korea: KFTC chief to visit China this week

South Korea’s antitrust chief is set to visit China this week to attend a competition forum and step up bilateral cooperation to crack down on abuses caused by market dominance, the Korean Fair Trade Commission (KFTC) announced on Monday, July 30. Kim Sang-jo will give a keynote speech on South Korea’s competition policy at the […]

South Korea: FTC to propose revision of fair trade law

South Korea: FTC to propose revision of fair trade law

On June 14th, Korea’s corporate watchdog said that a revision to the country’s fair trade law will be proposed to the National Assembly in September. Earlier, the Fair Trade Commission said it would review 17 key issues, such as competition, and iron out a revision draft by July. The current fair trade law, enacted in […]

South Korea: Agency expands antitrust effort

South Korea: Agency expands antitrust effort

The Fair Trade Commission, the country’s antitrust watchdog, will allow two groups representing the private sector to report antitrust cases to the agency and recommend cases be sent to prosecutors if they feel further investigation is needed. The move is seen as a response to growing criticism from political parties and consumer advocacy groups that […]

South Korea: Acting president picks new vice chairman of antitrust watchdog

South Korea: Acting president picks new vice chairman of antitrust watchdog

Acting President and Prime Minister Hwang Kyo-ahn on Wednesday promoted Shin Young-son, the secretary-general of the Fair Trade Commission, to vice chairman. Shin will replace Kim Hack-hyun whose term is due to expire on Thursday. Since entering public service in 1987, Shin has served in various posts at the antitrust watchdog, including those in charge […]

South Korea: FTC slaps Japanese auto parts makers fine

South Korea: FTC slaps Japanese auto parts makers fine

South Korea’s antitrust watchdog said Monday that it has imposed a combined fine of US$1.5 million on two Japanese auto parts companies for price-fixing allegations. Denso and NGK Spark Plug allegedly conspired to fix prices in an auction for a gas emissions sensor arranged by global car giant General Motors in 2008, according to the […]

Developments in Criminal Enforcement of Competition Law in Korea

CPI Asia Column edited by Vanessa Yanhua Zhang (Global Economics Group) presents: Developments in Criminal Enforcement of Competition Law in Korea by Hee-Eun Kim* (Covington & Burling LLP Brussels Office) (Click here for a PDF version of the article.)   * Attorney at Covington & Burling LLP Brussels Office. The views expressed in this article […]