Antitrust Antitrust

South Korea's fair trade act reform bill to be re-submitted after failed passage in last parliament term

By Wooyoung Lee
  • 10 Jun 2020 04:03
  • 10 Jun 2020 04:03
South Korea’s first major reform of the 40-year-old anti-monopoly act, containing major changes that will facilitate hardcore cartel prosecutions without a referral from the antitrust regulator and a doubling of the pecuniary penalties for cartel, abuse of dominance and unfair trade practices, will be resubmitted to the National Assembly for a fresh review

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Wooyoung Lee

Correspondent, Seoul

Wooyoung Lee is a correspondent based in MLex’s Seoul office, South Korea, covering antitrust, privacy and data security, mergers and acquisitions and financial services. Wooyoung has more than a decade of experience in journalism, public policy and research. She has worked and written for news outlets including The Korea Herald, Al Jazeera International, Bloomberg BNA, Monocle, among others.

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