JIPYONG LLC

Under the Monopoly Regulation and Fair Trade Act, a merge between and among two or more business entities refers to a merge of their capital, workforce and organizations through acquiring shares and ownership, sharing executive officers, M&A, transfer of business, and establishing of new entity. With respect to the merger that meets a certain size requirement, a report should be submitted to the KFTC either before or after the transaction is completed. After reviewing the report, the KFTC will prohibit the merger if deemed the relevant transaction would restrictcompetition under the Monopoly Regulation and Fair Trade or selectively permit several transactions by imposing corrective measures on a certain provision of competition restriction. 

Jipyong’s Antitrust & Competition Group carefully examines whether the concerned merger is subject to a report requirement or competition-restriction, and analyzes the decision of the KFTC and court judgment to provide accurate advice to clients. In particular, the globalization of economic activities frequently subject companies to submit simultaneous reports to multiple competent authorities. Our attorneys report or handle business combination resulting from global M&A through cooperative network with partner law firms.