Rare among Korean law firms, BKL offers a full practice group dedicated to antitrust and fair competition law. Our team of specialized attorneys and analysts provides advice to clients, in many industries, on a variety of issues that arise under Korean laws governing fair competition.
One of the principal sources of law in this area is the Monopoly Regulation and Fair Trade Act, which governs business combinations, “collusive” practices, pricing tactics and abuse of market dominance. Our team enjoys a very keen understanding, resting on many years’ experience, of the process of administrative review by the Korean Fair Trade Commission (“KFTC”), which administers that Act.
Commonly we advise on, and prepare, business combination reports, which are required for a wide range of investments and business arrangements in Korea. We also assist clients, and coordinate with government offices, in fair competition-related procedures, such as filings for review of standard-form contracts.
As a core area of practice, the team is expert in antitrust litigation and related process. We regularly represent clients in investigative proceedings before the KFTC concerning alleged cartel activities, abuse of market dominance, unfair business practices, exclusive dealing arrangements, various types of vertical restraints and wrongful advertisements. Our administrative law experts also assist in seeking recourse against sanctions and restrictive measures imposed by the antitrust authorities.