‘Inter corporation M&A standard’ to evaluation to be made for the fourth industrial revolution era
Kwon Dae- Gyung | kwon213@ | 2017-10-20 09:56:25
The Korean government is expected to prepare the evaluation criteria for the M & A of the 4th Industrial Revolution, while AI and the autonomous vehicles, robots, and other companies will take the lead in new industries. In the case of the fourth industry with various industrial characteristics, there are many issues that cannot be applied to the existing business combination assessment criteria, and it is based on the judgment that it is necessary to establish a fair market competition order in the early stage.
Kim Sang-joo, the chairman of the Fair Trade Commission, said, "We will make the innovation based on competition in the field of new industries such as ICT and platform actively."
The FTC criteria for M & A review are expected to create conditions for domestic companies to compete fairly in the areas of big data, augmented reality (AR), virtual reality (VR), drone, internet of things (IoT). To this end, the FTC will set up detailed regulations that will allow data monopolies, competitive containment, and competition restraint effects to be looked into during the review process.
A representative of the FTC said, "The M & A examination criteria are currently under study and we are reviewing cases from developed countries." The details will be released in the middle of next year. "
Drones, big data, health care, etc., are also speeding up work to regulate new industries. In the case of drones, the flight-able airspace restriction is tied up with the Aviation Law, Radio Law, and the Personal Information Protection Act, which will systematize and improve the Big Data-related regulations, which are experiencing difficulties in activating the market according to the personal information security regulations. To this end, the FTC is in the process of conducting a research service to find out the regulation improvement already in September, and when the service is completed in December,
Meanwhile, he also said that he will also take measures to prevent the controversy of the FTC retirees from taking place in the National Assembly. Chairman Kim also explained that he is preparing a system to screen pre-disasters to limit retirees` influence. Kim also said, "I will try to conduct a fact-finding and judicial review on the suspicion that Naver has avoided designation of a large group by filing related affiliate data such as NHN Entertainment. He added, "If I submit false data after being designated as a large group, I will see if there are any cases when a group that is not designated as a sanction is falsified to make a decision."
Besides, Chairman Kim commented on the fact that Samsung C & T and Cheil Industries reduced the number of shares dismissed during the merger, saying, "Opinions about what is right may differ, but the FTC`s judgment is not consistently maintained by the outside. "He said. In addition, Chairman Kim also pointed out that the enactment of the guidelines for enactment of the law on the enactment of the law on conglomerate reforms should be made with due consideration to the stability of the law.
The FTC, which recently became a controversial issue, questioned the process of reviewing the sanitizer disinfection system and expressed its position that it will verify the data and take action if a problem is found.
By Kwon Dae- Gyung & Kim Min Soo kwon213@
[ copyright ⓒ The Digitaltimes ]
Kim Sang-joo, the chairman of the Fair Trade Commission, said, "We will make the innovation based on competition in the field of new industries such as ICT and platform actively."
The FTC criteria for M & A review are expected to create conditions for domestic companies to compete fairly in the areas of big data, augmented reality (AR), virtual reality (VR), drone, internet of things (IoT). To this end, the FTC will set up detailed regulations that will allow data monopolies, competitive containment, and competition restraint effects to be looked into during the review process.
A representative of the FTC said, "The M & A examination criteria are currently under study and we are reviewing cases from developed countries." The details will be released in the middle of next year. "
Drones, big data, health care, etc., are also speeding up work to regulate new industries. In the case of drones, the flight-able airspace restriction is tied up with the Aviation Law, Radio Law, and the Personal Information Protection Act, which will systematize and improve the Big Data-related regulations, which are experiencing difficulties in activating the market according to the personal information security regulations. To this end, the FTC is in the process of conducting a research service to find out the regulation improvement already in September, and when the service is completed in December,
Meanwhile, he also said that he will also take measures to prevent the controversy of the FTC retirees from taking place in the National Assembly. Chairman Kim also explained that he is preparing a system to screen pre-disasters to limit retirees` influence. Kim also said, "I will try to conduct a fact-finding and judicial review on the suspicion that Naver has avoided designation of a large group by filing related affiliate data such as NHN Entertainment. He added, "If I submit false data after being designated as a large group, I will see if there are any cases when a group that is not designated as a sanction is falsified to make a decision."
Besides, Chairman Kim commented on the fact that Samsung C & T and Cheil Industries reduced the number of shares dismissed during the merger, saying, "Opinions about what is right may differ, but the FTC`s judgment is not consistently maintained by the outside. "He said. In addition, Chairman Kim also pointed out that the enactment of the guidelines for enactment of the law on the enactment of the law on conglomerate reforms should be made with due consideration to the stability of the law.
The FTC, which recently became a controversial issue, questioned the process of reviewing the sanitizer disinfection system and expressed its position that it will verify the data and take action if a problem is found.
By Kwon Dae- Gyung & Kim Min Soo kwon213@