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South Korea: Authorities consider antitrust law expansion

 |  October 31, 2013

A source told reporters Thursday that antitrust regulators in South Korea are considering expanding their powers to be able to issue sanctions against conglomerates even when the anticompetitive behavior is conducted with overseas companies.

The nation’s Fair Trade Commission first began imposing tariffs on intra-group transactions this year, though transactions with overseas affiliates are not included under that taxing policy.

According to reports, an anonymous FTC official said the authority is looking to “gather opinions and views from stakeholders” to determine the appropriateness of implementing the tax regulation for intra-group transactions with non-South Korean affiliates.

Full content: Korea Times

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