42 Conglomerates Earned 1.42 tln Won in Brand License Fees from Affiliates Last Year

SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s antitrust watchdog said Sunday 42 large business groups earned a combined 1.42 trillion won (US$1.29 billion) by selling brand licenses to their affiliates last year amid concerns conglomerate owners could glean profits from such transactions. The 2019 tally marked a 7.6 percent rise from the previous year’s [...]