A PYMNTS Company

US: South Korea must improve competition hearing procedures

 |  July 9, 2019
The United States has urged South Korea to improve procedures in competition hearings led by the Asian country’s fair trade agency, the Office of the US Trade Representative (USTR) said on Tuesday.

US parties had been denied certain rights, including the opportunity to review and rebut evidence against them, USTR said, adding that pending amendments to South Korea’s related law failed to address US concerns.

It did not say whether this consultation was related to any specific company or case, but the meeting was held as U.S. smartphone chip maker Qualcomm Inc (QCOM.O) has been fighting an antitrust ruling by a South Korean agency.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.