Revised Economic Laws to Curb Top Shareholders’ Dominance, Unfair Business Practices

SEOUL, Dec. 9 (Korea Bizwire) — The so-called three fair economy bills passed Wednesday by the National Assembly are designed to keep in check top shareholders’ corporate dominance and enhance supervision of conglomerates’ business practices, including inter-affiliate transactions. But business circles and critics voiced concerns that the measures could sap companies’ business sentiment and shrink [...]