This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

South Korea's planned change in large business group regulation put on hold amid trade conflict concerns

By Wooyoung Lee ( August 2, 2022, 07:12 GMT | Insight) -- A plan by the South Korean competition regulator to revise an enforcement decree that would place foreign nationals under regulations targeting conglomerates is being reexamined because of concerns that it could potentially violate the Korea-US Free Trade Agreement. The Korea Fair Trade Commission was seeking to revise the enforcement decree of the competition law so that foreign nationals can be designated as head of a large business group and face regular monitoring and requirements to disclose financial transactions relating to the company, the CEO and their close relatives.A plan by the South Korean competition regulator to revise an enforcement decree that would place foreign nationals under regulations targeting conglomerates is being reexamined because of concerns that it could potentially violate the Korea-US Free Trade Agreement....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login