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KOREA'S EQUITY-INVESTMENT CEILING AIMS TO BETTER CHAEBOL GOVERNANCE.
SEOUL, Oct 1 Asia Pulse - South Korea's top anti-trust regulator said Wednesday the current limit on chaebol equity investments is designed to make their governance structures more transparent.
Subsidiaries of South Korean chaebol, or family-controlled conglomerates, are banned from making equity investments in sister or non-affiliated companies in excess of 25 per cent of their net assets.
"The purpose of the regulations is to improve chaebol governance structures, not to help strengthen their core capabilities," said Kang Chul-kyu, chairman of the Fair Trade Commission (FTC), in a speech to a breakfast meeting with a group of businessmen.
The effective operation of the system can contribute to making conglomerate governance structures and management more transparent, Kang stressed.
"The ceiling is a minimum deterrent against the distortion of chaebol's governance structures," the FTC head said.
"The government will retain the basic framework of the present ...
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Source: HighBeam Research, KOREA'S EQUITY-INVESTMENT CEILING AIMS TO BETTER CHAEBOL GOVERNANCE.