Antitrust watchdog to look into SK, LG, CJ’s holding firms
Mar 1, 2018
The Korean Fair Trade Commission is set to look into financial sheets of conglomerates’ holding companies to figure out whether they are being misused for the benefit of their owner families. The FTC said Thursday it requested financial sheets from 62 holding companies, whose assets are more than 500 billion won ($461 million), in order to figure out their revenue structure. A holding company is a company that owns other companies’ outstanding stock without creating its own revenue. It was origi