이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
S. Korea to enforce right of reply rule on antitrust cases
- Collected
- 2016.11.17
- Distributed
- 2016.11.21
- Source
- Go Direct
From next year, any review requiring scrutiny by all the commissioners at the Fair Trade Commission (FTC) would demand the presence of the defendant to speak on behalf of the company under antitrust complaint, said a senior FTC official said.
The committee meeting requiring an entire presence of nine commissioners is usually a criminal case of economic or social gravity. The FTC delivers administrative orders, fines in millions of dollars, and refers the matter to a criminal investigation.
Companies have complained that they lacked an opportunity to fully explain themselves before the decision-making board meeting since the right of reply rule had not been customary.
Once the right of reply becomes a rule in committee reviews, companies could appeal legitimately and transparently instead of having to meet commissioners behind the doors to break a deal.
Giving companies transparent right on pre-trial defense also could save the antitrust agency legal costs. The FTC in 2015 lost 73.8 percent in cases lodged by companies recalcitrant to its administrative rulings.
By Na Hyun-joon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]