Corporate watchdog slaps fine on Shinsegae affiliates for disclosure violations
Mar 6, 2017
South Korea's corporate watchdog said Monday that it has slapped a combined 58 million won ($50,000) in fines on three affiliates of retail giant Shinsegae Group for regulatory filing violations.Shinsegae Inc., Shinsegae Food Inc. and E-Mart Inc. were penalized for not properly reporting group owner Lee Myung-hee's shareholding to authorities, according to the Fair Trade Commission. Logo of Shinsegae (Yonhap)Lee had held less than a 1 percent stake in each of the three companies under the name o