The Korea Fair Trade Commission issues revised guidelines of cartel leniency programs with a view to preventing recidivism and reducing the extent of immunity in cases of two-firm cartels

INTRODUCTION Many countries have operated the cartel leniency programs following the United States. Cartel activities have been hard to be cracked because cartel participants continue to be extremely sneaky or stealthy. Thus, the cartel leniency program is the most powerful tool for detecting cartels and securing the convictions of cartel participants. Korea has also been implementing the cartel leniency programs since 1996. The cartel leniency programs could not have the present shapes without the process of trial and error for more than a decade. It is also true that majority of unlawful cartels have been successfully broken thanks to the leniency program. In January 2012, the cartel leniency programs were transformed once again. The Korea Fair Trade Commission (KFTC) issued the

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  • Bae Kim & Lee

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Nam Woo Kim, The Korea Fair Trade Commission issues revised guidelines of cartel leniency programs with a view to preventing recidivism and reducing the extent of immunity in cases of two-firm cartels, 3 January 2012, e-Competitions Bulletin January 2012, Art. N° 50288

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