Record 76 commercial groups subject to Korea’s disclosure rules


South Korea’s antitrust regulator has added eight more companies, including the country’s leading cryptocurrency exchange operator Dunamu, to a list of 76 business groups subject to the state’s mandatory investment reporting, financing and other commercial activities this year.

The Korea Fair Trade Commission (KFTC) on Wednesday released an updated list of business groups with assets over 5 trillion won ($3.95 billion) that are subject to more disclosure rules. strict from May 1.

Dunamu, operator of cryptocurrency exchange Upbit, and seven other companies (Krafton, Bosung, KG, Iljin, OK Financial Group, Shinyoung, and Nongshim) recently joined the club for the first time, while three ( IMM Investment, Korea Investment & Securities, Daewoo Engineering & Construction) were delisted, resulting in a net increase of five from 2021.

SK Group became the No. 2 conglomerate with assets of 292 trillion won for the first time, overtaking Hyundai Motor Group whose ranking dropped a notch to 257.8 trillion won in assets. Samsung Group, Korea’s largest family-owned conglomerate, maintained its leading position with assets of 483.9 trillion won.

The KFTC also placed 47 enterprise groups with assets of more than 10 trillion won on its list of enterprises under surveillance for inter-affiliate loan guarantees. The tally rose to seven from 40 last year. Dunamu was also included in this list because its total assets, including customer deposits worth 5.8 trillion won, are estimated at more than 10 trillion won.

The 47 major trading groups are prohibited from taking equity stakes among affiliates or offering each other loan guarantees under the Fair Trade Act. Other new members of this list are Jungheung Construction, HMM, Taeyoung, OCI, SeAh, Hankook Tire, and E Land.

By Baek Sang-kyung and Minu Kim

[ⓒ Pulse by Maeil Business News Korea &, All rights reserved]

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