Competition/Antitrust - South Korea
What the team is known for Represents both corporate clients and the KFTC. Able to handle contentious and non-contentious matters.
Work highlights Defended the KFTC against a countersuit brought by Woongjin, after the KFTC imposed a KRW4.2 billion penalty surcharge for violation of the Fair Trade Act.
Represented the KFTC in a challenge by a market-leading ramen manufacturer to its penalty surcharge of KRW135.4 billion on four ramen manufacturers – who together hold almost 100% shares on the market – for collusion and price fixing.
Defending an auto parts supplier to Hyundai Motors against a DOJ-initiated investigation into alleged bid-rigging that was then pursued in Korea by the KFTC.
Hyung-Sam Park is a key contact point for this practice.