More than 60 firms newly added to Korea's antitrust watch list

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More than 60 firms newly added to Korea's antitrust watch list

A Fair Trade Commission office in Busan, southern Korea [NEWS1]

A Fair Trade Commission office in Busan, southern Korea [NEWS1]

 
Korea's antitrust regulator said Wednesday it has added 61 new businesses to the list of companies affiliated with large business groups under tight supervision.
 
The total number of affiliates on the Fair Trade Commission (FTC) watch list came to 2,882 as of end-January, compared with 2,887 tallied three months earlier. Over the period, 66 companies were removed from the list, following a merger, separation and other issues.
 
SK Group added eight additional companies under its wing, with Lotte Group gaining six new firms. CJ Group, meanwhile, offloaded eight companies, with Hanwha Group losing seven affiliates and Kakao Group losing six.
 
Under fair trade law, large business groups with assets of 5 trillion won ($3.97 billion) or more are required to publicly file details on inter-affiliate transactions, ownership structure and key information on non-affiliates.

Yonhap
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