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Who Confesses For Leniency? Evidence From Korea

Author

Listed:
  • Nayoung Kim
  • Yungsan Kim

Abstract

This article addresses which cartel members are more likely to confess to the antitrust authority under a leniency program and how the first and the second confessors differ. This study utilizes unique data from the records of those who were granted leniency in the Korea Fair Trade Commission's cartel investigations from 2005 to 2009, in which the identities of leniency recipients were revealed. The results identify several company-level attributes that affected the tendency to confess, as well as the cartel-level attributes explored in previous studies. The results also suggest that there are qualitative differences between the first and the second confessors. We find that the members of large and powerful Korean conglomerates (“chaebol”) are more likely to confess first for leniency, while discouraging others to do the same.

Suggested Citation

  • Nayoung Kim & Yungsan Kim, 2016. "Who Confesses For Leniency? Evidence From Korea," Journal of Competition Law and Economics, Oxford University Press, vol. 12(2), pages 351-374.
    • Handle: RePEc:oup:jcomle:v:12:y:2016:i:2:p:351-374.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhw009
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    Citations

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    Cited by:

    1. Moohyung Cho & Tim Büthe, 2021. "From rule‐taker to rule‐promoting regulatory state: South Korea in the nearly‐global competition regime," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 513-543, July.
    2. Juan Luis Jiménez & Manuel Ojeda-Cabral & José Manuel Ordóñez-de-Haro, 2023. "Who Blows the Whistle on Cartels? Finding the Leniency Applicant at the European Commission," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 63(2), pages 123-153, September.

    More about this item

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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