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S. Korea: U.S. Patriot Act OKs Business Wiretaps(antitrust matters)
Donga Ilbo ^ | 07/19/06 | Jung-Hun Kim & Jung-Eun Lee

Posted on 07/18/2006 7:50:13 PM PDT by TigerLikesRooster

U.S. Patriot Act OKs Business Wiretaps

JULY 19, 2006 03:01

by Jung-Hun Kim Jung-Eun Lee (jnghn@donga.com lightee@donga.com)

It has been found that when amending the Patriot Act this past March, the U.S. government added a clause permitting wiretaps and bugs for investigation of suspected antitrust law violations, such as price fixing.

The revised law may cause significant damage to major Korean companies, the bulk of whose exports go to the U.S., as they could come under investigation on breaking antitrust laws by just making contact with competing firms.

The Dong-A Ilbo confirmed the legislation data disclosed by the U.S. administration which shows that Section 113 of the Patriot Act amendments, passed by the U.S. Congress on March 7, now includes illegal monopolizing in trade and commerce, as stipulated in Sherman Anti-trust Act, in the list of crimes that fall under the Patriot Act.

The amendments took effect two days later on March 9 with the signature by U.S. President George W. Bush. The revision, however, has not been advertised much in either the U.S. or Korea, so large Korean corporations have been unable to equip themselves for the change.

The altered Patriot Act allows FBI or CIA agents to use any antitrust law violation charges, which they find while wiretapping for general intelligence-gathering, for their investigations.

Moreover, the U.S. has a broad definition of trust activities, to include not only fixing prices or rigging bids but also ordinary data-collecting when the employees of one company exchange phone calls or emails with those in a competing company for information.

The U.S. is taking a very strict line against suspicions of antitrust law violations, as shown in a recent case when New York state attorneys charged seven semiconductor firms, including Samsung Electronics, for price collusion.


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: antitrust; govwatch; korea; patriotact; southkorea; trade; wiretap
I did not know that. I wonder how CEO's in U.S. feel about it. Many markets are dominated by a few mega corporations.
1 posted on 07/18/2006 7:50:17 PM PDT by TigerLikesRooster
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To: TigerLikesRooster; AmericanInTokyo; OahuBreeze; yonif; risk; Steel Wolf; nuconvert; MizSterious; ...

Ping!


2 posted on 07/18/2006 7:51:06 PM PDT by TigerLikesRooster
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To: TigerLikesRooster

Mission Creep

Of course, no one (with any sense) thought the PA had to do with security; it was written by Gary Hart and Andrew Young. (It was clearly just a power grab by Washington preliminary to President Rodham's remodeling of American Society.)


3 posted on 07/18/2006 7:52:41 PM PDT by Doctor Stochastic (Vegetabilisch = chaotisch ist der Charakter der Modernen. - Friedrich Schlegel)
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To: Doctor Stochastic

It's worse than mission creep. Your right about the power grab and it goes higher than DC I would suspect.


4 posted on 07/18/2006 8:16:08 PM PDT by Wolfhound777 (It's not our job to forgive them. Only God can do that. Our job is to arrange the meeting)
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To: Doctor Stochastic

>>If the Patriot Act had been proposed by bill clinton <<

It's all in a name

A Blast from the past.

Sneak Attack on the Fourth Amendment Revealed
http://www.newsmax.com/articles/?a=2000/5/31/111455


5 posted on 07/18/2006 9:32:25 PM PDT by quietolong
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