Antitrust Developments in Japan, China and Korea
Date:
June 1 2005
Antitrust has come a long way in Asia. The year 2005 is likely to be one of the more significant years for the development of antitrust in Japan with the adoption into law by the Diet on April 20, 2005 of a bill containing very important amendments to the Anti-Monopoly Act (“AMA”). This is likely to mark the start of a new era in Japanese antitrust enforcement characterized by the introduction of a leniency program. In Korea, the government policy of promoting a free and fair market order has materialized in the form of tough action against cartels (36 cartels were identified and surcharges were imposed on 16 cases in the last year alone). In China, the draft Antimonopoly legislation has been submitted to the State Council for discussion and it is expected that it will be passed by the National People's Congress in 2006.
Read more by clicking the download button.