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UPDATES
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First Investigation Using Criminal Leniency Program – Indictment of 8 Companies for Involvement in Bid-Rigging Scheme
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Recently, the Fair Trade Investigation Division of the Seoul Central District Public Prosecutors’ Office indicted eight companies and several individuals for their involvement in a bid-rigging scheme. This case marks the first time ever in which the PO launched a criminal antitrust investigation through the use of its Criminal Leniency Program without an initial criminal referral by the Korea Fair Trade Commission.
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Key Details of Bill for Protection of Virtual Asset Users
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The Bill for Protection of Virtual Asset Users passed the plenary session of the National Assembly on June 30, 2023, and is expected to be enforced from the day one year has passed since its promulgation.
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Key Points of the Amended UCPA
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An amendment to the Unfair Competition Prevention and Trade Secret Protection Act was promulgated on March 28, 2023 and will become effective on September 29, 2023.
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Recent Developments in KFTC’s Efforts to Regulate Dark Patterns
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Upcoming Reform of Performance-based Bonus Policies for Financial Institutions
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Recent Discussions and Trends on Corporate Governance Regulations
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Announcement of National Basic Plan for Carbon Neutrality and Green Growth
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Financial Services Commission Announces Detailed Plan on Big-Tech’s Online Insurance Product Comparison and Recommendation Services
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Publication of US IRS’ Guidance on New Clean Vehicle Credit (Section 30D, Tax Credit Guidance)
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Supreme Court Rules that Statute of Limitations in Claim for Damages Due to Illegal Worker Dispatch Relationship Is Ten Years
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Regulations on Call Options and Refixing for Convertible Preferred Shares Issued by Listed Companies
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NTS and MOEF Issue Ruling that Dispels Uncertainties Regarding Flat Tax Rate for Foreign Workers
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Introduction of Measures to Strengthen Stability of Digital Services
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Legislative Trends Related to Bill on Creating Fair Distribution Environment for Cultural Industries
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Key Details and Implications of Recent SAPA Court Decisions
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Changes in Major Regulations on Corporate Governance and Financial Structure of Venture Businesses and Unlisted Companies
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