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The number of South Korean business groups' affiliates subject to restrictions on mutual investments and loan guarantees gained ground this month from a month earlier, the antitrust watchdog said Tuesday.
The Fair Trade Commission said the number of firms on its monthly watch list stood at 1,131 as of end-February, up six from the previous month.
The affiliates are owned by the country's 27 largest business groups, including Samsung Group and Hyundai Motor Group.
Four business groups, including SK and Hanwha, added a combined seven more affiliates through stake purchases and new establishments. On the other hand, one affiliate of Hanwha was removed from the FTC's updated list in February.
Under South Korea's fair trade law, the affiliates of large business groups with assets of 10 trillion won ($8.5 billion) or more are restricted from making equity investments in affiliates or offering loan guarantees to one another. (Yonhap)
