May 09, 2024
Economy
No. of firms on antitrust watch list declines in May
[THE INVESTOR] The number of Korean business groups’ affiliates subject to restrictions on mutual investment and loan guarantees dropped slightly in May, the corporate watchdog said on June 1.
The Fair Trade Commission said 1,263 firms were on its monthly watch list as of end-May, down three from the previous month.
They are owned by the country’s 31 largest business groups, including Samsung Group and Hyundai Motor Group.
Three groups, including GS and Korea Investment Holdings Co., added a combined five more affiliates through stake purchases and new corporate establishments.
On the other hand, three conglomerates, involving Daewoo Shipbuilding & Marine Engineering and OCI, removed eight companies from their wings, the watchdog said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The Fair Trade Commission said 1,263 firms were on its monthly watch list as of end-May, down three from the previous month.
They are owned by the country’s 31 largest business groups, including Samsung Group and Hyundai Motor Group.
Three groups, including GS and Korea Investment Holdings Co., added a combined five more affiliates through stake purchases and new corporate establishments.
On the other hand, three conglomerates, involving Daewoo Shipbuilding & Marine Engineering and OCI, removed eight companies from their wings, the watchdog said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
