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The Fair Trade Commission on Thursday announced a list of 14 conglomerates that will be subject to an equity investment ceiling, a measure introduced to prevent too much wealth being concentrated in the hands of Korea¡¯s traditional family-owned conglomerates or chaebol.
The list newly includes CJ, Daelim and Hite Brewery since the size of their assets now exceeds the cutoff standard of W6 trillion (US$6 billion). Samsung and Lotte are included again, but KT and Korea Railroad have been taken off the list since they do not have a group chairman.
The equity investment ceiling prevents conglomerates with more than W6 trillion in assets from investing more than 25 percent of their net assets in other companies.
Other companies on the list are Hyundai Motor, SK, LG, GS, Hanwha, Doosan, Kumho Asiana, Dongbu and Hyundai. The commission also released a list of 59 businesses with more than W2 trillion in assets whose subsidiaries are banned from investing and guaranteeing investment in each other.
(englishnews@chosun.com )
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