Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  2. 7

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  3. 8

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  4. 9

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
  5. 10

    S. Korea votes in favor of Palestinian bid for UN membership

    S. Korea votes in favor of Palestinian bid for UN membership
소아쌤

Corporate watchdog to unveil corporate list for mandatory disclosure

By a2016032

Published : April 25, 2017 - 11:05

    • Link copied

South Korea's corporate watchdog said Tuesday that it will announce a list of companies obliged to disclose their corporate information later this year in a bid to help boost the transparency of their business activities.

The Fair Trade Commission (FTC) said the Cabinet approved a plan to put businesses with assets of 5 trillion won ($4.4 billion) or more under a new watch list for mandatory filings.

The list of companies subject to the new rules comes as the watchdog revised the fair trade law last year on affiliates of large business groups.

(Yonhap) (Yonhap)

Under the revised law, affiliates of large conglomerates with assets exceeding 10 trillion won are restricted from making equity investments among them or offering loan guarantees to each other.

Previously, the minimum asset ceiling was set at 5 trillion won.

The mandatory filings system is also aimed at paving the way for local mid-sized business groups to conduct more activities through expanding new businesses, the corporate watchdog said.

Currently, 27 conglomerates are subject to tough FTC surveillance, down from 65 tallied in September last year.

The FTC said the new 5 trillion won-watch list will be released in September. (Yonhap)

More from Headlines