parliament approves ban on new crossshareholding in conglomerates
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Parliament approves ban on new cross-shareholding in conglomerates

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Emiratesvoice, emirates voice Parliament approves ban on new cross-shareholding in conglomerates

Seoul - Yonhap

The National Assembly on Tuesday approved a ban on new cross-shareholding investments among conglomerate affiliates, a practice that has long been denounced as a tool for owner families to control their business empires with small stakes. The revision to the Monopoly Regulation and Fair Trade Act is part of the "economic democratization" campaign aimed at keeping tighter reins on conglomerates amid the perception that they have abused their market dominance and preyed on smaller businesses.

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parliament approves ban on new crossshareholding in conglomerates parliament approves ban on new crossshareholding in conglomerates

 



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parliament approves ban on new crossshareholding in conglomerates parliament approves ban on new crossshareholding in conglomerates

 



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