Top regulator s M&A revision to hit Naver, Kakao
Posted : 2021-07-26 08:39
Updated : 2021-07-26 08:39
Fair Trade Commission Chairperson Joh Sung-wook speaks during a meeting held at the National Assembly on Yeouido, June 23. Korea Times file
New regulation to go into effect next year
By Kim Jae-heun
The Fair Trade Commission (FTC) is revising regulations on platform operators mergers and acquisitions (M&A) deals in hopes of restraining their expansion.
According to the government, the FTC will review its regulation guidelines internally within this year and outsource the study on their effectiveness to a private research institute next year. Any regulation changes will be put into effect in 2022.