Korean Antitrust Statute Is Amended - Amendments Expand Merger Filing Exemptions and Introduce Voluntary Merger Remedy Procedure

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2024.02.14.

On February 6, 2024, the Korean government enacted amendments to the Korean antitrust statute, i.e., the Monopoly Regulation and Fair Trade Act (MRFTA). These amendments, most notably, (i) expand merger filing exemptions, (ii) introduce a voluntary remedy procedure for mergers, and (iii) implement an electronic filing system for producing documents to the Korean antitrust enforcer, i.e., the Korea Fair Trade Commission (KFTC), and accessing documents issued by the regulator. The amendments are expected to ease regulatory burdens on companies and contribute to a more efficient regulatory regime.

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Attachment Korean Antitrust Statute Is Amended - Amendments Expand Merger Filing Exemptions and Introduce Voluntary Merger Remedy Procedure.pdf

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