evidence of increased efficiencies and competition. Second, separate market definition for bundles cannot be consistent with …

concepts, ‘enhancing competition' and ‘counterfactual'. This paper states that the economic rationale of the ‘efficiency …' defense rests on the effect of enhancing competition rather than on the improvement of efficiency itself. Regarding the … ‘failing firm' defense, the rationale is stated that competition would not deteriorate even when the merger proceeds compared …

action for marking a new phase that the Korean government revised the domestic regulation affecting KT's procurement of …