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  • By Jong Koo Park, senior attorney and Shin Kwon Lim, senior attorney, Kim & Chang
  • By Haeng-Gyu Lee, partner, Jipyong Jisung
  • As one of the busiest competition authorities in the world, the Korean Fair Trade Commission continues its consumer-oriented approach and takes its monitoring of conglomerates one notch higher
  • As the Korean economy expands, the country’s companies are being made to realise the importance of meeting corporate governance standards – and not just in Korea
  • Korea Fair Trade Commission director general Joong-weon Jeong gives his assessment on the development of competition law in Korea, and throws a spotlight on the internal workings of one of the most aggressive fair trade commissions in Asia
  • The Financial Supervisory Service (FSS) of South Korea has announced a new corporate disclosure system
  • The Korean government has grasped the importance of weaning the country off its dependence on imported fossil fuels and developing LNGs, nuclear and renewable energy sources. Korean companies have the cash and research to experiment, but there will be no success without foreign help
  • Government regulatory authorities have to strike a difficult balance when regulating a telecommunications sector that is tough for foreign businesses to enter and an internet sector that risks being dominated by non-Korean firms
  • The Government of India wants to encourage foreign direct investment in the country’s pharmaceutical industry, but not to the detriment of domestic players. And while it sees the Competition Commission of India playing a key role in the control of prices, not everyone believes this will be sufficient
  • Korea’s dispute resolution lawyers have long profited from the ultra competitive nature of the country’s leading companies. As these companies increasingly seek growth opportunities overseas, the Korean Commercial Arbitration Board has amended its arbitration rules accordingly