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KOREA'S FTC TO MONITOR MERGERS OF FOREIGN FIRMS.
SEOUL, April 1 Asia Pulse - The Fair Trade Commission said Monday that it will introduce regulations by year's end that will allow it to track mergers between foreign firms which could seriously impair relevant domestic industries.
In a report to President Kim Dae-jung, FTC Chairman Lee Nam-kee said that his agency will sign an agreement with Australia before 2003 for the mutual application of Korea's fair competition law.
In a bid to head off the possibility of international cartels undermining domestic industries, the FTC will pursue similar agreements with the United States, European Union and Japan, Lee said.
The FTC will also revise the screening system for corporate mergers and acquisitions in the domestic market and may exempt smaller firms under a certain market share from the merger reviews, Lee said.
The FTC, however, will strengthen inspections for large corporations which dominate markets with their distribution networks and ample capital, he said.
The FTC will scrutinize construction, finance, oil refinery and transportation ...
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...its regulatory power and fair trade by rooting out illegal...beginning to weaken. The FTC said it would push to...revisions, including the fair trade specialist system. The FTC will submit this revised Fair Trade Law to the cabinet and...
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...then concurred on easing the FTC-proposed "5 per cent rule...clauses for damages caused by fair trade law violations. FTC officials and the lawmakers said...together to swiftly pass the amended fair trade law once its receives the go...
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- News wire article from: YON - Yonhap News Agency of Korea June 24, 2004 700+ words
...counterparts, the Fair Trade Commission (FTC) said Thursday...affiliates when the FTC reviewed them from...rules. Under the fair trade act, companies...violation. The FTC said it will conduct...violated existing fair trade rules, completing...
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...counterparts, the Fair Trade Commission (FTC) said Thursday...affiliates when the FTC reviewed them from...rules. Under the fair trade act, companies...violation. The FTC said it will conduct...violated existing fair trade rules, completing...
- S. KOREA'S SMALL CHAEBOLS PRONE TO VIOLATE FAIR TRADE RULES: FTC.
- News wire article from: AsiaPulse News June 24, 2004 700+ words
...counterparts, the Fair Trade Commission (FTC) said today. The...affiliates when the FTC reviewed them from...rules. Under the fair trade act, companies...violation. The FTC said it will conduct...violated existing fair trade rules, completing...
- FTC chief calls for greater int'l cooperation on fair trade policies.
- News wire article from: YON - Yonhap News Agency of Korea September 5, 2006 700+ words
...greater cooperation between fair trade organizations to fuel...Competition Forum in Gyeongju, Fair Trade Competition chief Kwon...established as well. The FTC chairman also suggested...experience in operating fair trade rules. The forum first...
- Carmakers must improve competitiveness through fair trade rules: FTC chairman.
- News wire article from: YON - Yonhap News Agency of Korea November 14, 2006 700+ words
...competitiveness by adhering to fair trade rules with their domestic subcontractors...Manufacturers Association Journal, Fair Trade Commission (FTC) chairman Kwon Oh-seung said...critical for carmakers to respect fair trade rules and market discipline as...