Korean Conglomerates Decry U.S. Antitrust Demands

Law360, New York (September 22, 2006, 12:00 AM EDT) -- The majority of Korean conglomerates agree that antitrust rules enforced by the nation’s Fair Trade Commission obstruct their investment activity and shouldn’t be tightened to appease the United States.

A survey of Korea’s major business groups, conducted by the Korea Chamber of Commerce and Industry (KCCI), showed agreement that the business sector is sufficiently controlled by securities laws.

The report, entitled Polices on Conglomerates and Future Solutions, queried 12 of Korea’s top corporations, including Samsung and Hyundai Automotive. They agreed that antitrust rules limit their investments...
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