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Practice/Industry Group Overview
Shin & Kim's fair trade team provides advice concerning a widevariety all kinds of regulations and issues, such asincluding the Act on Fair Indication and Advertisement, the Fair Transactions in Subcontracting Act, the Regulation of Standardized Contracts Act, the Door-to-Door Sales Act, etc. Act and others that are related to fair trade laws. At the same time, Shin & kim's fair trade team works out requisite offers strategicy and provides the very best solutions to the clients through the close analyseis of the related relevant regulations and business considerations.
The fair trade team Shin & Kim also reports problems to the Fair Trade Commission or and represents clients in, or provides consultations on, in cooperation with the firm's litigation and criminal law practice groups in the areas of scase teams, formal objections, requests for examination and judgment, administrative proceedings, police investigation, and criminal proceedings relating to various fair trade issues.
As the Korean economy has growns in size and scale, fair trade regulations have become increasingly prominent as a bulwark against monopoly and unfair trade, and increasingly play an increasingly important role in all aspects of business activity. Such concerns can be critical in determining the propriety and feasibility of a business acquisition.
The Shin & Kim's ranks of former officials of the Fair Trade Commission and the other attorneys with the extensive knowledge and broad experiences in the area of fair trade offer our clients of Shin&Kim provide the best and professional legal services available in Korea.
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Services Available
- Interpretation and review of relevant regulations
- Review and analysis of anti-competitiveness and efficiency issues relating to M&As and the establishment of new companies, agency service for business combination reports, and agency service for stakeholders opposing a proposal business merger
- Agency service for assessment of contracts
- Participation in, and consultation for, investigations by the Fair Trade Commission for breach of the Monopoly Regulation and Fair Trade Act, such as collusion, unfair support, unfair transactions, and abuse of a dominant position, as well as for violation of the Fair Transactions in Subcontracting Act, and the Act on Fair Indication and Advertisement
- Agency service for deliberation procedures by the Fair Trade Commission
- Representation in formal objections to measures imposed by the Fair Trade Commission as well as administrative, civil, and criminal proceedings
-Agency service for reporting violations of the Monopoly Regulation and Fair Trade Act
- Consultation on the leniency program of the Fair Trade Commission
- Consultation on the establishment of or conversion a financial holding company
-Consultation on compliance program
- Consultation on fair trade issues for corporate executives and employees
- Consultation on revision of the related fair trade laws
-Consultation on anti-competitiveness and relevant market definition
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Clients:
Qualcomm, IBM Korea, Inc., United Airlines, Korean Securities Law Association, Samsung SDS, Hansol Paper, Siemans Group, Japan Airlines, BC Card, Renault Samsung Motors Co., Ltd., Kookmin Bank, Hynix
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References:
Hynix / Mr. Sang Soo Son /Senior Manager/Trade Affair (sangsoo.son@hynix.com +822-3459-5750)
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Matter Experience
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Representative Transactions |
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Anti-trust(DRAM price fixing case) /
Hynix DRAM Price Fixing
, The Korea Fair Trade Commission (KFTC) has decided to close the case of a price fixing by four global DRAM manufacturers, citing insufficient evidence. The decision has exonerated Hynix from an approximately US$18.3 million fine that it had been ordered to pay.
(Case that may be regarded as a touchstone in relation to the scope of extraterritorial application of anti-trust law)
, April 25, 2007
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Languages spoken by Antitrust Professionals
Korean, English, Chinese, Japanese, French, German, Russian |
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