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CHAEBOLS ASKED TO SUBMIT MORE DATA ON INTER-SUBSIDIARY DEALS.

AsiaPulse News

| August 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Aug 1 Asia Pulse - The Fair Trade Commission (FTC) today said it has asked the nation's six biggest business groups to present documents of all kinds by Saturday, so they can expand their investigation into alleged dealings among chaebol subsidiaries.

The FTC has already secured information on the six largest chaebols inter-subsidiary trading worth 10 billion won (US$7.8 million) or 10 per cent of the total capital which is required to be noted publicly under relevant laws.

Under the law, the ...

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