Corporate watchdog enforces 'Miranda rule' in investigations

SEOUL, Feb. 9 (Yonhap) -- South Korea's anti-trust watchdog said Monday that it
started notifying companies of its detailed investigation plans before the launch
of a field probe as part of efforts to enhance overall fairness and transparency.
The Fair Trade Commission (FTC) said that under the so-called Miranda rule, which
it put into effect this month, the watchdog is obliged to explain in advance the
objective, scope and period of its investigation into companies suspected of
business irregularities.
The move came in response to growing complaints from corporate circles that a
prolonged probe frequently hampers their business activities. It is also intended
to enhance the overall fairness and transparency of such probes by guaranteeing
the rights of companies subject to investigation, the FTC said.
kokobj@yna.co.kr
(END)