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S KOREA'S FTC TO IMPOSE INVESTMENT CEILING ON 18 BUSINESS GROUPS.
SEOUL, April 1 Asia Pulse - The Fair Trade Commission Thursday added Daewoo E&C (KSE:047040), Shinsegae Department Store and LG Cable (KSE:006260) to 15 other companies, including Samsung and Hyundai Motor Co. (KSE:005380), on its list of businesses that are banned from investing over 25 per cent of their net assets in other companies.
The commission's list is based on South Korea's Fair Trade Law, which mandates an investment ceiling for businesses with over 5 trillion won (US$4.33 billion) in assets and debt ratios in excess of 100 per cent.
The FTC imposes the ceiling to prevent chaebols, or family-owned conglomerates, from expanding their business lines into other areas that can result in the weakening of their core businesses or creating an environment of unfair competition in the market.
The number of conglomerates that fell under this category was up by one from the 17 listed in April 2003.
Taken off the list were Korea Electric Power Corp. (KEPCO) and Korea Highway ...
- FTC to Impose Investment Ceiling on 18 Business Groups.
- News wire article from: YON - Yonhap News Agency of Korea April 1, 2004 700+ words
...1 (Yonhap) -- The Fair Trade Commission Thursday added...based on South Korea's Fair Trade Law, which mandates an investment ceiling for businesses with over...that are affected by the investment ceiling increased by 14 from...
- KOREAN AGENCY IMPOSES INVESTMENT CEILING ON 18 BUSINESS GROUPS.
- News wire article from: AsiaPulse News April 1, 2004 700+ words
...April 1 Asia Pulse - The Fair Trade Commission (FTC) Thursday...based on South Korea's Fair Trade Law, which mandates an investment ceiling for businesses with more...and Korea Gas Corp. The fair trade watchdog said that Samsung...
- S KOREA'S FTC TO IMPOSE INVESTMENT CEILING ON 18 BUSINESS GROUPS.
- News wire article from: Asia Africa Intelligence Wire April 1, 2004 700+ words
...April 1 Asia Pulse - The Fair Trade Commission Thursday added...based on South Korea's Fair Trade Law, which mandates an investment ceiling for businesses with over...that are affected by the investment ceiling increased by 14 from...
- (LEAD) FTC to Impose Investment Ceiling on 18 Business Groups.
- News wire article from: YON - Yonhap News Agency of Korea April 1, 2004 700+ words
...April 1 (Yonhap) -- The Fair Trade Commission (FTC) Thursday...based on South Korea's Fair Trade Law, which mandates an investment ceiling for businesses with more...and Korea Gas Corp. The fair trade watchdog said that Samsung...
- KOREA'S FTC TO IMPOSE INVESTMENT CEILING ON 17 BUSINESS GROUPS.
- News wire article from: AsiaPulse News April 1, 2003 700+ words
SEOUL, April 1 Asia Pulse - The Fair Trade Commission (FTC) Tuesday put Korea Electric...companies. The ministry's list is based on the Fair Trade Law, which mandates an investment ceiling for business groups with over 5 trillion...
- FTC chairman objects to scrapping investment ceiling rule.
- News wire article from: YON - Yonhap News Agency of Korea October 18, 2006 700+ words
...country's investment ceiling and rules that...parliamentary audit, Fair Trade Commission...seung said the investment ceiling should not...said that the investment ceiling should be scrapped...South Korean fair trade law, subsidiaries...
- FTC Considers Investment Ceiling Waiver for Private Equity Funds.
- News wire article from: YON - Yonhap News Agency of Korea May 11, 2004 700+ words
SEOUL, May 11 (Yonhap) -- The Fair Trade Commission (FTC) said Tuesday it is reviewing the feasibility of waving its investment ceiling limit for private equity funds that is being pursued by the Ministry of Finance and Economy. Talking to...
- FTC to check for conglomerate investment ceiling violations.
- News wire article from: YON - Yonhap News Agency of Korea April 21, 2006 700+ words
...are adhering to investment ceiling rules. The examination...June comes as the Fair Trade Commission (FTC...for an end to the investment ceiling, which they claim...exaggerated. The investment ceiling, in place since...
- S KOREA'S FTC TO CHECK FOR CONGLOMERATE INVESTMENT CEILING VIOLATIONS.
- News wire article from: AsiaPulse News April 20, 2006 700+ words
...are adhering to investment ceiling rules. The examination...June comes as the Fair Trade Commission (FTC...for an end to the investment ceiling, which they claim...exaggerated. The investment ceiling, in place since...
- S. KOREA'S PRIVATE EQUITY FUNDS MAY LOSE INVESTMENT CEILING: FTC.
- News wire article from: Asia Africa Intelligence Wire May 11, 2004 700+ words
(From Asia Pulse) SEOUL, May 11 Asia Pulse - The Fair Trade Commission (FTC) said today it is reviewing the feasibility of waiving its investment ceiling limit for private equity funds that is being pursued by the Ministry of Finance and Economy...
Source: HighBeam Research, S KOREA'S FTC TO IMPOSE INVESTMENT CEILING ON 18 BUSINESS GROUPS.