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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

FTC puts KT&G on watch list

  • PUBLISHED :May 01, 2017 - 14:04
  • UPDATED :May 01, 2017 - 14:04
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[THE INVESTOR] Four companies including KT&G have been included on the antitrust watch list as large business groups, the watchdog said on May 1.

Every year the Fair Trade Commission announces a newly updated list of large business groups with assets of 10 trillion won (US$8.80 billion) or more to oversee their equity investments or inter-affiliate loan guarantees. In its latest update, the FTC added four companies and removed one from the list, raising the total number to 31 from 28 tallied at the end of last year.

KT&G, Korea Investment Holdings, Harim and KCC were listed for the second time since last year when the asset criteria was 5 trillion won. Hyundai Group was delisted due to a decrease in its total assets, the FTC added.

The FTC raised the asset criteria to 10 trillion won in September last year to pave a wider way for mid-sized companies to conduct more activities through expanding new businesses.

By Alex Lee and news wires (alexlee@heraldcorp.com)

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