KFTC Proposes to Formalize Voluntary Remedy Proposal System for Mergers

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2024.06.18.

The Korea Fair Trade Commission (the "KFTC") has issued an administrative notice for the adoption of the "Detailed Operational Guidelines for the Voluntary Submission System of Corrective Measures in Business Combinations" and the amendment of the "Rules on the KFTC's Committee Operation and Case Handling Procedure," to set the operational methods and detailed procedures related to the formal voluntary remedy proposal for merger cases under the revised Monopoly Regulation and Fair Trade Act (the “MRFTA”). The public comment period for this administrative notice is from June 13, 2024, to July 2, 2024.

The proposed details related to the voluntary remedy proposal system for mergers are as follows:

Attachment KFTC Proposes to Formalize Voluntary Remedy Proposal System for Mergers.pdf

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