In Korea, the KFTC Notification No.1998-6, the first merger review
guidelines were adopted in 1998. The merger review is categorized into
simplified review and general review. The mergers subject to simplified
review are presumed not to be anti-competitive. Therefore, the simplified
review examines the reported fact related to the merger. The subsequent
review outcome shall be notified to a complainant within 15 days from the
date of filing. A merger subject to general review would be examined in
pursuant to the criteria of control relationship and anti-competitiveness
prescribed under the Merger Guidelines. Part II.1 of the Guidelines describes
the requirements of mergers subject to simplified review. The mergers not
qualified for simplified review will undergo general review. The merger
between Hite Brewery and Jinro Distillers were subject to general review.