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South Korea's procurement agency eases criminal-referral rules for leniency applicants

( April 16, 2025, 05:20 GMT | Official Statement) -- MLex Summary: South Korea’s Public Procurement Service has revised its criminal-referral request guidelines to exempt leniency applicants and companies that cooperated with antitrust investigations from referral requests. In addition, when doing reviews to make a referral request, the PPS must now listen to companies' defense before making a decision. Under the system, the PPS can request the Korea Fair Trade Commission to refer a company to prosecutors if it deems the regulator’s administrative sanctions are insufficient. The KFTC is required to comply with the referral request. Previously, the PPS made these requests regardless of whether a company had applied for leniency or cooperated with the KFTC’s investigation. The revised guidelines took effect on April 15. The statement, in Korean, is attached....

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