Seoul Eases Restrictions For Korean Conglomerates

Law360, New York (November 16, 2006, 12:00 AM EST) -- Bucking the advice of U.S. trade negotiators, Korea’s antitrust regulator has loosened rules governing investment by major conglomerates, saying the move will prompt the chaebol to voluntarily clear up their complex ownership structures.

The Fair Trade Commission said on Wednesday that holding companies will now be allowed to hold a 20% stake at minimum in their subsidiaries, down from 30%.

In addition, the FTC said companies worth over 2 trillion won, or $2.1 billion, in total assets will be barred from investing more than 40% of...
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