SEOUL, Feb. 9 (Xinhua) -- South Korea's anti-trust watchdog said Monday that it started informing companies of its investigation agendas in detail before assuming field investigations.
South Korea's Fair Trade Commission (FTC) said that as the so-called Miranda rule is put into effect from Feb. 1, the watchdogs enforced to state the objective, scope, and period to the subject companies before it advances an investigation.
The rule was brought about as companies kept complaining on delayed investigations, which hindered their business activities.
The rule is also aimed at promoting the overall fairness and transparency of the watchdog's investigations by guaranteeing the rights of the investigated companies, according to the FTC.
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