12 more affiliates added to list restricting investments and guarantees
Jun 05, 2012
Last month, South Korea's Fair Trade Commission added twelve new companies to its list of corporate affiliates that are restricted from making equity investments and loan guarantees to each another. These affiliates have assets of 5 trillion won (approximatel $4.2 billion) or more. The watchdog also removed three affiliates from the list, following mergers or liquidation. The total number of affiliates on the watch list currently totals 1,850.
Full content: Yonhap News via Korea Herald
Related content: A New Kid on the Block: Korean Competition Law, Policy, and Economics (Sang-Seung Yi, Seoul National University & Youngjin Jung, Yulchon)
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