Large Business Groups to Be Mandated to Disclose on Cross-shareholding Details

SEOUL, Nov. 18 (Korea Bizwire) – From now on, all transaction details related to cross-shareholding among business group affiliates must be disclosed to the public. The Fair Trade Commission said on November 17 that a scheme to prevent owner families from taking unfair profits from the cross-shareholding practice will be implemented from the same day. Earlier on July 25, [...]