in 2011, the Korean National Assembly passed, along with the Korea-U.S. FTA and related bills, a law that allows the Fair Trade Commission of Korea (KFTC) to accept consent orders. A consent order is similar, in many respects, to a nolo contendere plea. The consent order process has allowed the KFTC to punish without the admission of guilt to the company. This has lead to a decrease, in recent years, of a burden on the KFTC, more efficient enforcement proceedings,Continue reading
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