Shareholding Archives | Be Korea-savvy
Hyundai Motor Group Ordered to Cut Cross-Shareholding Ties

Hyundai Motor Group Ordered to Cut Cross-Shareholding Ties

SEJONG, Dec. 30 (Korea Bizwire) – South Korea’s antitrust watchdog said Wednesday that it has ordered Hyundai Motor Group to resolve cross-shareholding ties derived from an intra-group merger and acquisition (M&A) between its two steelmaking units, amid the agency’s recent push to break the cobweb-like shareholding structures of conglomerates. Hyundai Steel Co. was merged with [...]

Intra-Samsung M&A Strengthened Group’s Cross-Shareholding Ties

Intra-Samsung M&A Strengthened Group’s Cross-Shareholding Ties

SEJONG/SEOUL, Dec. 28 (Korea Bizwire) – South Korea’s antitrust watchdog Sunday said the intra-group merger and acquisition (M&A) deal by Samsung affiliates strengthened banned cross-shareholding ties within the conglomerate that need to be resolved. According to the Fair Trade Commission (FTC), the merger between Cheil Industries Inc. and Samsung C&T Corp. on Sept. 1 reduced [...]