Prof. Bauer Talks Antitrust Law in Korea

Joe Bauer Notre Dame Professor of Law Joseph Bauer delivered a keynote speech at the Korean Competition Law Association International Symposium in Seoul, South Korea, Nov. 6-7. “Competition law” is analogous to America’s antitrust law, which is enacted to support a free market economy by promoting competition and limiting monopolies. The symposium focused on the regulation of the insurance industry, a subject which has recently made its way into headlines around the world.

Korea is home to many large insurance companies, and those companies are working collectively to seek exemptions from certain Korean antitrust laws. The goal of such exemptions would be to free the insurance companies from the burden of inconsistent regulations enforced by the Korean financial supervisory agency.

Bauer—a noted expert on federal antitrust law and a board member of the American Antitrust Institute—was invited to speak about U.S. antitrust exemptions for the insurance industry, particularly the McCarran-Ferguson Act. The Korean insurance industry hopes that this model will be replicated in their country.

Bauer has authored four volumes of a leading antitrust treatise, and has co-authored a fifth volume in that series. He has testified on numerous occasions before Senate and House committees and subcommittees and in judicial proceedings, and he has served as an expert or consultant for a number of antitrust and intellectual property matters.

Contact: Professor Joseph Bauer, 574-631-6514, Joseph.P.Bauer.1@nd.edu