[Asia Economy] “Regulation of large corporations under the Monopoly Regulation and Fair Trade Act need to be reassessed as the law reduces corporate value and hinders management efficiency”

On November 20, 2024, Asia Economy reported on Lee & Ko attorney Jeong-Ho Sun’s participation in the seminar, of which the main topic for discussion was “Unreasonableness of the Monopoly Regulation and Fair Trade Act’s Regulation of Large Corporations and Issues with its Application Under Other Laws”. 

At the seminar, which was co-hosted by the Federation of Korean Industries and the Korean Association for Broadcasting & Telecommunication Studies, Attorney Sun said, “Broadcasting policy that takes into account the strong social responsibility and social value guarantees required of media companies is needed” and expressed that, “nonetheless, it is necessary to examine whether the type of broadcasting company ownership regulation should take the form of ex ante regulation.”