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Client Alert September 21, 2023

Risk Rises for Korean Companies as U.S. Pursues More Aggressive Antitrust Enforcement

  • Aggressive antitrust enforcement is a priority for the U.S., both at home and abroad.
  • Korean companies are on the radar, particularly with alleged procurement fraud, putting them at risk of massive fines and multijurisdictional investigations.
  • We explain the risks and responses Korean companies should consider.

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Client Alert January 30, 2023

Korean Companies Should Prepare For Rising U.S.-Korea Parallel Antitrust Investigations

  • Korean and U.S. antitrust enforcers are working ever closer together in investigating potential anticompetitive behavior.
  • Korean companies are at risk – even conduct based entirely in Korea could be scrutinized.
  • We look at the enforcement hotspots and how Korean companies can deploy an effective multijurisdictional defensive strategy.

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Client Alert January 24, 2022

U.S., Korea Antitrust Enforcers on Watch for Bid-Rigging in USFK Defense Contracts

  • South Korea and U.S. antitrust regulators are increasing collaboration in cross-border matters, with the Biden administration gearing up enforcement.
  • Potential targets include South Korean companies that conduct business with the U.S. Forces Korea (USFK).
  • Our team explains why an aggressive, multi-jurisdictional defense is necessary to mitigate the risks

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Client Alert May 15, 2019

“Cartels Beware”: U.S.-Korea Antitrust Enforcement Likely to Reach a New Scale

  • A recent meeting between antitrust enforcers from South Korea and the U.S. signals an increase in future collaboration between the U.S. Department of Justice (DOJ) and Korea Fair Trade Commission (KFTC) on cross-border criminal antitrust enforcement.
  • A greater degree of DOJ-KFTC collaboration will result in increasingly complex multinational antitrust litigation.
  • When these enforcers take collaborative actions, targets will require equally coordinated defense strategies - likely combining the knowledge of both Korea and U.S. antitrust specialists.

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