SlideShare a Scribd company logo
Legal Interpretation and Enforcement Efficiency
- Analysis of a price collusion case
2017. 12. 07
Donghwan Shon
Presiding Judge, Goyang District Court, Korea
2
FACT
• 5 beverage undertakings exchanged information and
increased prices of all beverages.
• None of the undertakings produce same kind of beverages.
They produce different beverages, such as soda, mineral
water, coffee, sports beverage and soybean milk.
Price Collusion of 5 beverages undertakings 1 . 1
3
KFTC Decision 1 . 2
juice
soda
sports
beverage
mineral
water
coffee
tea
soybean
milk
# 1
Agreement
price increase# 2
# 5
# 3
# 4
• Without defining the product market Korean FTC held that
there was an illegal agreement.
 In price collusion cases, is it required to prove?
4
Issues
2 . 1
① Relevant market ② Anti-competitiveness
 Relevant market is a tool to measure anti-competiveness,
but not required in price collusion b/c of
① Obvious anti-competitive effects
② High costs of finding relevant market
③ Intent of agreement
 Per se illegal
5
KFTC position
3 . 1
No undertaking shall agree with other undertakings by contract,
agreement, resolution or any other means, to jointly engage in an
act falling under any of the followings, which is unfair and anti-
competitive.
Practices which cause or may cause impacts on the determination of
price, quantity, quality, or other terms or conditions of trading by
intent of a certain undertaking, because of reduced competition in a
relevant market.
6
Cartel
Anti-competitive practice
4 . 1Korean Competition Law
7
Fines
Relevant Market
The relevant market means an area where any competitive relation exists
or may exist, by the subject, stage or geographical area of a trade
The FTC may impose upon an undertaking a fine not exceeding the
amount equivalent to 10/100 of the turnover. and the turnover is
earned by an undertaking within the illegal duration from selling
goods in a relevant market.
4 . 2Korean Competition Law
8
 Not all agreements are illegal
 Only unfairly anti-competitive agreements are
 Have to define relevant market as the first step to:
① Finding anti-competitiveness
② Calculating fines
4 . 3Korean Competition Law
 2-step analysis
• 1st step : Define the relevant market
2nd step : Evaluate the anti-competitive effect
• Different kinds of beverages do not satisfy SSNIP test
 not in the same relevant market
9
Supreme Court Decision 5 . 1
10
Supreme Court Decision 5 . 2
Juice
# 1
# 5
Soda
# 2
# 4
mineral
water
# 1
# 2
sports
beverage
# 3
# 5
• KFTC should have defined the relevant product market first.
11
Balance between Various Considerations
6 . 1
Enforcement
efficiency
constitutionality market reality
statutory interpretation
Comments
 Do we need market definition in price collusion cases?
① Interpretation of law
• Clear language  no way to circumvent
• Prohibiting unfairly anti-competitive agreement
② Constitutional limit
③ Unique features of Korean market
• Close relationship between players in small community
• Different from US or Europe
12
6 . 2
Comments
 Finding middle ground
① Supreme Court found agreements anti-competitive
even when KFTC failed to produce evidence or prove
exact market share
② Very few KFTC decisions were reversed due to insufficient
proof of anti-competitive effects
13
6 . 3
Comments
THANK
YOU

More Related Content

What's hot

Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...
Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...
Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...
OECD Directorate for Financial and Enterprise Affairs
 
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
OECD Directorate for Financial and Enterprise Affairs
 
Small and developing competition agencies – Competition Commission South Afri...
Small and developing competition agencies – Competition Commission South Afri...Small and developing competition agencies – Competition Commission South Afri...
Small and developing competition agencies – Competition Commission South Afri...
OECD Directorate for Financial and Enterprise Affairs
 
Barriers to Exit – JOHNSON – December 2019 OECD discussion
Barriers to Exit – JOHNSON – December 2019 OECD discussionBarriers to Exit – JOHNSON – December 2019 OECD discussion
Barriers to Exit – JOHNSON – December 2019 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Barriers to Exit – SECRETARIAT – December 2019 OECD discussion
Barriers to Exit – SECRETARIAT – December 2019 OECD discussionBarriers to Exit – SECRETARIAT – December 2019 OECD discussion
Barriers to Exit – SECRETARIAT – December 2019 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
OECD Directorate for Financial and Enterprise Affairs
 
Small and developing competition agencies – Georgian Competition Authority – ...
Small and developing competition agencies – Georgian Competition Authority – ...Small and developing competition agencies – Georgian Competition Authority – ...
Small and developing competition agencies – Georgian Competition Authority – ...
OECD Directorate for Financial and Enterprise Affairs
 
Price discrimination – Background note – OECD Competition Division - November...
Price discrimination – Background note – OECD Competition Division - November...Price discrimination – Background note – OECD Competition Division - November...
Price discrimination – Background note – OECD Competition Division - November...
OECD Directorate for Financial and Enterprise Affairs
 
Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...
Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...
Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...
OECD Directorate for Financial and Enterprise Affairs
 
Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...
Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...
Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...
OECD Directorate for Financial and Enterprise Affairs
 
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
OECD Directorate for Financial and Enterprise Affairs
 
Agency decision-making in merger cases: from a prohibition decision to a cond...
Agency decision-making in merger cases: from a prohibition decision to a cond...Agency decision-making in merger cases: from a prohibition decision to a cond...
Agency decision-making in merger cases: from a prohibition decision to a cond...
OECD Directorate for Financial and Enterprise Affairs
 
Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...
OECD Directorate for Financial and Enterprise Affairs
 
Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...
Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...
Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...
OECD Directorate for Financial and Enterprise Affairs
 
Competition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussion
Competition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussionCompetition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussion
Competition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...
Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...
Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...
OECD Directorate for Financial and Enterprise Affairs
 
Market Studies and Competition - Miguel de la Mano - Executive Vice President...
Market Studies and Competition - Miguel de la Mano - Executive Vice President...Market Studies and Competition - Miguel de la Mano - Executive Vice President...
Market Studies and Competition - Miguel de la Mano - Executive Vice President...
OECD Directorate for Financial and Enterprise Affairs
 
Market Studies and Competition - Amelia Fletcher - Professor of Competition P...
Market Studies and Competition - Amelia Fletcher - Professor of Competition P...Market Studies and Competition - Amelia Fletcher - Professor of Competition P...
Market Studies and Competition - Amelia Fletcher - Professor of Competition P...
OECD Directorate for Financial and Enterprise Affairs
 
Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...
Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...
Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...
OECD Directorate for Financial and Enterprise Affairs
 
Competition law and state-owned enterprises – OECD Secretariat – November 201...
Competition law and state-owned enterprises – OECD Secretariat – November 201...Competition law and state-owned enterprises – OECD Secretariat – November 201...
Competition law and state-owned enterprises – OECD Secretariat – November 201...
OECD Directorate for Financial and Enterprise Affairs
 

What's hot (20)

Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...
Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...
Competition fines, harm and illicit gains – J.M. Marín-Quemada, CNMC Spain – ...
 
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
 
Small and developing competition agencies – Competition Commission South Afri...
Small and developing competition agencies – Competition Commission South Afri...Small and developing competition agencies – Competition Commission South Afri...
Small and developing competition agencies – Competition Commission South Afri...
 
Barriers to Exit – JOHNSON – December 2019 OECD discussion
Barriers to Exit – JOHNSON – December 2019 OECD discussionBarriers to Exit – JOHNSON – December 2019 OECD discussion
Barriers to Exit – JOHNSON – December 2019 OECD discussion
 
Barriers to Exit – SECRETARIAT – December 2019 OECD discussion
Barriers to Exit – SECRETARIAT – December 2019 OECD discussionBarriers to Exit – SECRETARIAT – December 2019 OECD discussion
Barriers to Exit – SECRETARIAT – December 2019 OECD discussion
 
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
 
Small and developing competition agencies – Georgian Competition Authority – ...
Small and developing competition agencies – Georgian Competition Authority – ...Small and developing competition agencies – Georgian Competition Authority – ...
Small and developing competition agencies – Georgian Competition Authority – ...
 
Price discrimination – Background note – OECD Competition Division - November...
Price discrimination – Background note – OECD Competition Division - November...Price discrimination – Background note – OECD Competition Division - November...
Price discrimination – Background note – OECD Competition Division - November...
 
Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...
Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...
Challenges and co-ordination of leniency programmes – HAMMOND – June 2018 OEC...
 
Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...
Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...
Jurisdictional nexus in merger control regimes- Pedro Caro de Sousa - OECD Co...
 
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 3 – Techniq...
 
Agency decision-making in merger cases: from a prohibition decision to a cond...
Agency decision-making in merger cases: from a prohibition decision to a cond...Agency decision-making in merger cases: from a prohibition decision to a cond...
Agency decision-making in merger cases: from a prohibition decision to a cond...
 
Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...
Economic analysis and evidence in abuse cases – Break-out Session 1 – Techniq...
 
Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...
Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...
Price discrimination – Damien GERADIN – Edge Legal Thinking – November 2016 O...
 
Competition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussion
Competition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussionCompetition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussion
Competition Concerns in Labour Markets – STEINBAUM – June 2019 OECD discussion
 
Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...
Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...
Economic Analysis in Merger Investigations – Break-out Session 2 – Quantitati...
 
Market Studies and Competition - Miguel de la Mano - Executive Vice President...
Market Studies and Competition - Miguel de la Mano - Executive Vice President...Market Studies and Competition - Miguel de la Mano - Executive Vice President...
Market Studies and Competition - Miguel de la Mano - Executive Vice President...
 
Market Studies and Competition - Amelia Fletcher - Professor of Competition P...
Market Studies and Competition - Amelia Fletcher - Professor of Competition P...Market Studies and Competition - Amelia Fletcher - Professor of Competition P...
Market Studies and Competition - Amelia Fletcher - Professor of Competition P...
 
Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...
Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...
Competitive Assessment of Mergers – CHINESE TAIPEI – December 2019 OECD discu...
 
Competition law and state-owned enterprises – OECD Secretariat – November 201...
Competition law and state-owned enterprises – OECD Secretariat – November 201...Competition law and state-owned enterprises – OECD Secretariat – November 201...
Competition law and state-owned enterprises – OECD Secretariat – November 201...
 

Similar to Judicial perspectives on competition law – SHON – GFC 2017 OECD discussion

Competition Act
Competition ActCompetition Act
Competition Act
Varad Potnis
 
Cci says you cannot be charged a higher rate for conumeables such as bottled ...
Cci says you cannot be charged a higher rate for conumeables such as bottled ...Cci says you cannot be charged a higher rate for conumeables such as bottled ...
Cci says you cannot be charged a higher rate for conumeables such as bottled ...
National Concerns
 
competition act 2002
competition act 2002competition act 2002
competition act 2002
Manish Tiwari
 
Case study on Competition Act.pptx
Case study on Competition Act.pptxCase study on Competition Act.pptx
Case study on Competition Act.pptx
KanikaGoel43
 
(9) Eco Law MCQ Index Nov 2023 ca finals.pdf
(9) Eco Law MCQ Index Nov 2023 ca finals.pdf(9) Eco Law MCQ Index Nov 2023 ca finals.pdf
(9) Eco Law MCQ Index Nov 2023 ca finals.pdf
PrathvirajPundalikSh
 
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
KK Sharma Law Offices (Delhi, Brasilia, Ottawa, UAE, Brussels, Netherlands and Washington DC)
 
Italian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer PricingItalian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer Pricing
Alessandro Madau
 
Italian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer PricingItalian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer Pricing
Alessandro Madau
 
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
KK Sharma Law Offices (Delhi, Brasilia, Ottawa, UAE, Brussels, Netherlands and Washington DC)
 
Competition Act..pptx
Competition Act..pptxCompetition Act..pptx
Competition Act..pptx
saurabhDiwakar16
 
Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...
Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...
Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...
OECD Directorate for Financial and Enterprise Affairs
 
Case Analysis Report
Case Analysis ReportCase Analysis Report
Case Analysis ReportAshish Sarkar
 
Competition act
Competition actCompetition act
Competition actbogus_mk
 
The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...
The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...
The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...Upwork
 
LeTran.Litigation Law Review.April.2018
LeTran.Litigation Law Review.April.2018LeTran.Litigation Law Review.April.2018
LeTran.Litigation Law Review.April.2018
LE & TRAN | Trial Lawyers
 
Competition Act, 2002
Competition Act, 2002Competition Act, 2002
Competition Act, 2002
bogus_mk
 
International commercial arbitration under the icc rules a critical view
International commercial arbitration under the icc rules  a critical viewInternational commercial arbitration under the icc rules  a critical view
International commercial arbitration under the icc rules a critical view
Violeta Arce
 
Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...
Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...
Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...
Sangyun Lee
 
ASHUTOSH COMP. LAWrelevant market (1).pptx
ASHUTOSH COMP. LAWrelevant market (1).pptxASHUTOSH COMP. LAWrelevant market (1).pptx
ASHUTOSH COMP. LAWrelevant market (1).pptx
ashutoshutsav
 

Similar to Judicial perspectives on competition law – SHON – GFC 2017 OECD discussion (20)

Competition Act
Competition ActCompetition Act
Competition Act
 
Cci says you cannot be charged a higher rate for conumeables such as bottled ...
Cci says you cannot be charged a higher rate for conumeables such as bottled ...Cci says you cannot be charged a higher rate for conumeables such as bottled ...
Cci says you cannot be charged a higher rate for conumeables such as bottled ...
 
competition act 2002
competition act 2002competition act 2002
competition act 2002
 
Case study on Competition Act.pptx
Case study on Competition Act.pptxCase study on Competition Act.pptx
Case study on Competition Act.pptx
 
Beincomp e
Beincomp eBeincomp e
Beincomp e
 
(9) Eco Law MCQ Index Nov 2023 ca finals.pdf
(9) Eco Law MCQ Index Nov 2023 ca finals.pdf(9) Eco Law MCQ Index Nov 2023 ca finals.pdf
(9) Eco Law MCQ Index Nov 2023 ca finals.pdf
 
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
 
Italian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer PricingItalian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer Pricing
 
Italian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer PricingItalian tax booklet - Case Law on Transfer Pricing
Italian tax booklet - Case Law on Transfer Pricing
 
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
Treading the Thin Wedge between "Unfair trade Practices" and "Abuse of Domina...
 
Competition Act..pptx
Competition Act..pptxCompetition Act..pptx
Competition Act..pptx
 
Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...
Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...
Remedies and commitments in abuse cases – GRECIA-DE VERA – December 2022 OECD...
 
Case Analysis Report
Case Analysis ReportCase Analysis Report
Case Analysis Report
 
Competition act
Competition actCompetition act
Competition act
 
The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...
The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...
The Legal Battle That Built Lansdowne: Friends of Lansdowne Inc. v. Ottawa an...
 
LeTran.Litigation Law Review.April.2018
LeTran.Litigation Law Review.April.2018LeTran.Litigation Law Review.April.2018
LeTran.Litigation Law Review.April.2018
 
Competition Act, 2002
Competition Act, 2002Competition Act, 2002
Competition Act, 2002
 
International commercial arbitration under the icc rules a critical view
International commercial arbitration under the icc rules  a critical viewInternational commercial arbitration under the icc rules  a critical view
International commercial arbitration under the icc rules a critical view
 
Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...
Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...
Sangyun Lee, 'Self-Preferencing in Korea: NAVER Shopping' (Japan-Korea Compet...
 
ASHUTOSH COMP. LAWrelevant market (1).pptx
ASHUTOSH COMP. LAWrelevant market (1).pptxASHUTOSH COMP. LAWrelevant market (1).pptx
ASHUTOSH COMP. LAWrelevant market (1).pptx
 

More from OECD Directorate for Financial and Enterprise Affairs

Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...
Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...
Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...
OECD Directorate for Financial and Enterprise Affairs
 
OECD Competition Trends 2024 - Highlights
OECD Competition Trends 2024 - HighlightsOECD Competition Trends 2024 - Highlights
OECD Competition Trends 2024 - Highlights
OECD Directorate for Financial and Enterprise Affairs
 
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
OECD Directorate for Financial and Enterprise Affairs
 
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussionEx-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussionEx-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussionEx-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussionEx-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
OECD Directorate for Financial and Enterprise Affairs
 
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
OECD Directorate for Financial and Enterprise Affairs
 
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussionAlternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussionAlternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
OECD Directorate for Financial and Enterprise Affairs
 
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
OECD Directorate for Financial and Enterprise Affairs
 
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
OECD Directorate for Financial and Enterprise Affairs
 
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
OECD Directorate for Financial and Enterprise Affairs
 
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
OECD Directorate for Financial and Enterprise Affairs
 
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussionSerial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
OECD Directorate for Financial and Enterprise Affairs
 
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussionSerial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
OECD Directorate for Financial and Enterprise Affairs
 
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
OECD Directorate for Financial and Enterprise Affairs
 

More from OECD Directorate for Financial and Enterprise Affairs (20)

Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...
Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...
Competition and Regulation in Professional Services – KLEINER – June 2024 OEC...
 
OECD Competition Trends 2024 - Highlights
OECD Competition Trends 2024 - HighlightsOECD Competition Trends 2024 - Highlights
OECD Competition Trends 2024 - Highlights
 
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – CAMACHO – December 2023 OECD discu...
 
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussionEx-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KOVACIC – December 2023 OECD discussion
 
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussionEx-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – KWOKA – December 2023 OECD discussion
 
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussionEx-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – FLETCHER – December 2023 OECD discussion
 
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussionEx-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
Ex-post Assessment of Merger Remedies – OECD – December 2023 OECD discussion
 
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
Use of Economic Evidence in Cartel Cases – DAVIES – December 2023 OECD discus...
 
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
Use of Economic Evidence in Cartel Cases – ROBERTS – December 2023 OECD discu...
 
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussionAlternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
Alternatives to Leniency Programmes – SERBIA – December 2023 OECD discussion
 
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussionAlternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
Alternatives to Leniency Programmes – ITALY – December 2023 OECD discussion
 
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
Out-of-Market Efficiencies in Competition Enforcement – CRANE – December 2023...
 
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
Out-of-Market Efficiencies in Competition Enforcement – DAVIES – December 202...
 
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
Out-of-Market Efficiencies in Competition Enforcement – ROSE – December 2023 ...
 
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
Out-of-Market Efficiencies in Competition Enforcement – ROSENBOOM – December ...
 
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
Serial Acquisitions and Industry Roll-ups –TZANAKI – December 2023 OECD discu...
 
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussionSerial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – GOGA – December 2023 OECD discussion
 
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
Serial Acquisitions and Industry Roll-ups – KOKKORIS – December 2023 OECD dis...
 
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussionSerial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
Serial Acquisitions and Industry Roll-ups – OECD – December 2023 OECD discussion
 
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
Competition and Innovation - The Role of Innovation in Enforcement Cases – VE...
 

Recently uploaded

Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdfSupercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Access Innovations, Inc.
 
Obesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditionsObesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditions
Faculty of Medicine And Health Sciences
 
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Sebastiano Panichella
 
Bitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXOBitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXO
Matjaž Lipuš
 
María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024
eCommerce Institute
 
Acorn Recovery: Restore IT infra within minutes
Acorn Recovery: Restore IT infra within minutesAcorn Recovery: Restore IT infra within minutes
Acorn Recovery: Restore IT infra within minutes
IP ServerOne
 
Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...
Sebastiano Panichella
 
Eureka, I found it! - Special Libraries Association 2021 Presentation
Eureka, I found it! - Special Libraries Association 2021 PresentationEureka, I found it! - Special Libraries Association 2021 Presentation
Eureka, I found it! - Special Libraries Association 2021 Presentation
Access Innovations, Inc.
 
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdfBonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
khadija278284
 
Gregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptxGregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptx
gharris9
 
Media as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern EraMedia as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern Era
faizulhassanfaiz1670
 
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...
Orkestra
 
0x01 - Newton's Third Law: Static vs. Dynamic Abusers
0x01 - Newton's Third Law:  Static vs. Dynamic Abusers0x01 - Newton's Third Law:  Static vs. Dynamic Abusers
0x01 - Newton's Third Law: Static vs. Dynamic Abusers
OWASP Beja
 
Getting started with Amazon Bedrock Studio and Control Tower
Getting started with Amazon Bedrock Studio and Control TowerGetting started with Amazon Bedrock Studio and Control Tower
Getting started with Amazon Bedrock Studio and Control Tower
Vladimir Samoylov
 
International Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software TestingInternational Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software Testing
Sebastiano Panichella
 
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptxsomanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
Howard Spence
 

Recently uploaded (16)

Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdfSupercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
Supercharge your AI - SSP Industry Breakout Session 2024-v2_1.pdf
 
Obesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditionsObesity causes and management and associated medical conditions
Obesity causes and management and associated medical conditions
 
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...Doctoral Symposium at the 17th IEEE International Conference on Software Test...
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
 
Bitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXOBitcoin Lightning wallet and tic-tac-toe game XOXO
Bitcoin Lightning wallet and tic-tac-toe game XOXO
 
María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024María Carolina Martínez - eCommerce Day Colombia 2024
María Carolina Martínez - eCommerce Day Colombia 2024
 
Acorn Recovery: Restore IT infra within minutes
Acorn Recovery: Restore IT infra within minutesAcorn Recovery: Restore IT infra within minutes
Acorn Recovery: Restore IT infra within minutes
 
Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...Announcement of 18th IEEE International Conference on Software Testing, Verif...
Announcement of 18th IEEE International Conference on Software Testing, Verif...
 
Eureka, I found it! - Special Libraries Association 2021 Presentation
Eureka, I found it! - Special Libraries Association 2021 PresentationEureka, I found it! - Special Libraries Association 2021 Presentation
Eureka, I found it! - Special Libraries Association 2021 Presentation
 
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdfBonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
Bonzo subscription_hjjjjjjjj5hhhhhhh_2024.pdf
 
Gregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptxGregory Harris' Civics Presentation.pptx
Gregory Harris' Civics Presentation.pptx
 
Media as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern EraMedia as a Mind Controlling Strategy In Old and Modern Era
Media as a Mind Controlling Strategy In Old and Modern Era
 
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...
 
0x01 - Newton's Third Law: Static vs. Dynamic Abusers
0x01 - Newton's Third Law:  Static vs. Dynamic Abusers0x01 - Newton's Third Law:  Static vs. Dynamic Abusers
0x01 - Newton's Third Law: Static vs. Dynamic Abusers
 
Getting started with Amazon Bedrock Studio and Control Tower
Getting started with Amazon Bedrock Studio and Control TowerGetting started with Amazon Bedrock Studio and Control Tower
Getting started with Amazon Bedrock Studio and Control Tower
 
International Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software TestingInternational Workshop on Artificial Intelligence in Software Testing
International Workshop on Artificial Intelligence in Software Testing
 
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptxsomanykidsbutsofewfathers-140705000023-phpapp02.pptx
somanykidsbutsofewfathers-140705000023-phpapp02.pptx
 

Judicial perspectives on competition law – SHON – GFC 2017 OECD discussion

  • 1. Legal Interpretation and Enforcement Efficiency - Analysis of a price collusion case 2017. 12. 07 Donghwan Shon Presiding Judge, Goyang District Court, Korea
  • 2. 2 FACT • 5 beverage undertakings exchanged information and increased prices of all beverages. • None of the undertakings produce same kind of beverages. They produce different beverages, such as soda, mineral water, coffee, sports beverage and soybean milk. Price Collusion of 5 beverages undertakings 1 . 1
  • 3. 3 KFTC Decision 1 . 2 juice soda sports beverage mineral water coffee tea soybean milk # 1 Agreement price increase# 2 # 5 # 3 # 4 • Without defining the product market Korean FTC held that there was an illegal agreement.
  • 4.  In price collusion cases, is it required to prove? 4 Issues 2 . 1 ① Relevant market ② Anti-competitiveness
  • 5.  Relevant market is a tool to measure anti-competiveness, but not required in price collusion b/c of ① Obvious anti-competitive effects ② High costs of finding relevant market ③ Intent of agreement  Per se illegal 5 KFTC position 3 . 1
  • 6. No undertaking shall agree with other undertakings by contract, agreement, resolution or any other means, to jointly engage in an act falling under any of the followings, which is unfair and anti- competitive. Practices which cause or may cause impacts on the determination of price, quantity, quality, or other terms or conditions of trading by intent of a certain undertaking, because of reduced competition in a relevant market. 6 Cartel Anti-competitive practice 4 . 1Korean Competition Law
  • 7. 7 Fines Relevant Market The relevant market means an area where any competitive relation exists or may exist, by the subject, stage or geographical area of a trade The FTC may impose upon an undertaking a fine not exceeding the amount equivalent to 10/100 of the turnover. and the turnover is earned by an undertaking within the illegal duration from selling goods in a relevant market. 4 . 2Korean Competition Law
  • 8. 8  Not all agreements are illegal  Only unfairly anti-competitive agreements are  Have to define relevant market as the first step to: ① Finding anti-competitiveness ② Calculating fines 4 . 3Korean Competition Law
  • 9.  2-step analysis • 1st step : Define the relevant market 2nd step : Evaluate the anti-competitive effect • Different kinds of beverages do not satisfy SSNIP test  not in the same relevant market 9 Supreme Court Decision 5 . 1
  • 10. 10 Supreme Court Decision 5 . 2 Juice # 1 # 5 Soda # 2 # 4 mineral water # 1 # 2 sports beverage # 3 # 5 • KFTC should have defined the relevant product market first.
  • 11. 11 Balance between Various Considerations 6 . 1 Enforcement efficiency constitutionality market reality statutory interpretation Comments
  • 12.  Do we need market definition in price collusion cases? ① Interpretation of law • Clear language  no way to circumvent • Prohibiting unfairly anti-competitive agreement ② Constitutional limit ③ Unique features of Korean market • Close relationship between players in small community • Different from US or Europe 12 6 . 2 Comments
  • 13.  Finding middle ground ① Supreme Court found agreements anti-competitive even when KFTC failed to produce evidence or prove exact market share ② Very few KFTC decisions were reversed due to insufficient proof of anti-competitive effects 13 6 . 3 Comments