Responding to a Cartel Investigation: Securing First-Priority Leniency Status for Full Fine Waiver
By organizing the facts on the day of the on-site investigation, we secured first-priority leniency status and obtained a full waiver of the fine.
Basic Facts
The client company underwent an on-site investigation over suspicions of price collusion with competing businesses.
The period under investigation was long, and the departments involved were scattered across multiple locations.
Other companies in the same industry were investigated on the same day.
Jeongpyeong's Assistance
We joined the investigation on-site on the day it began and clarified the scope of the investigation and the boundaries for submitting materials.
By conducting interviews with sales staff in parallel, we identified the specific timing and items involved in the collusion within three days.
Based on the facts we secured, we determined whether the requirements for leniency were met and immediately proceeded with the reporting process.
During the subsequent deliberation stage, we managed the good-faith cooperation obligation required for the fine reduction and maintained consistency in statements.
Result
The Korea Fair Trade Commission recognized the client as the first-priority leniency applicant and granted a full waiver of the fine.
This was a case where the judgment made in the first few days determined the entire outcome.
Facing a similar situation? We'll help you sort out the facts first.