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Entry date: 2018.07.07 03:07
In the review process p … "How do you keep good management?"
The revision of the Fair Trade Act, prepared by the special revision of the Fair Trade Act, has two main points. It aims to increase the number of regulated entities and limit the voting rights of affiliates of financial corporations and public companies owned by large corporations.
◇ Work to expand the scope of surveillance
The Fair Trade Act is a measure to prevent the chaebol leader The company should regulate large companies that hold more than 30% of their capital (20% unlisted companies).
The FTC monitors law-abiding people against illegal transactions, and if the company has an unfair internal transaction, it will file a complaint with the prosecution. Impose penalties and order corrective measures. If this standard is lowered to 20%, a large number of chaebol families must sell affiliate shares. The FTC estimates that there are 24 affiliates that are affected by the total number of listed companies with 20-30% stake. Shinsegae (28.05%), Shinsegae International (22.22%) and E-Mart (28.05%) are subsidiaries of SK, SK D & D (24%) and Samsung subsidiaries.
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<img id = "artImg1" src = "http://image.chosun.com/sitedata/image/201807/07/2018070700294_0.jpg" width = "560" height = "219" alt = "Reorganization of the Fair Trade Act, which is a special provision, will strengthen the regulation on large corporations.
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<img id = "artImg1" src = "http://image.chosun.com/sitedata/image/201807/ 07 / 2018070700294_0.jpg "width =" 560 "height =" 219 "alt =" The government has decided to regulate subsidiaries with more than 50% in subsidiaries, including Samsung Wells, a subsidiary of Samsung C & 19659008] The Special committee also proposed to limit to 5% or less the voting rights of affiliated companies belonging to financial insurance companies. For example, Samsung Electronics holds 5.37% of the total number of households, Samsung Life Insurance 7.92%, Samsung Fire & Marine Insurance 1.38%, Samsung Life Insurance and Samsung Fire Insurance only 5% of the voting rights.
The FTC regulates large companies with badets of more than 10 billion won annually as a "limited group of cross investment", which is regulated by the target to large companies whose badets represent at least 0.5% of GDP (gross domestic product).
reb Threat "Threat of management rights to threaten" rebellion
In the business world, the financial sector is nervous about the revision of the Fair Trade Act, but "
A leader of the Group said: "President Kim Sang-joo recently said that he wanted to sell his stake in a non-depository owned by his family, but he has consistently insisted." Among large companies, the logistics, advertising In order to make the company stable and efficient, it is necessary to acquire shares in affiliates, but the stability and efficiency will be lower. "A member of. a group of companies said: "It is worrisome to note that social contribution activities of large corporations are shrinking due to the regulation of public companies, and that it is difficult to regulate companies uniformly. public names that work properly. "
Fate too. Chung Mong-koo, president of Hyundai Motor Group, holds a 29.99% stake in Hyundai Glovis, a subsidiary. A Hyundai Motor official said: "The automotive sector is at the heart of the group and the legal standards for judging how well this group operates are unclear.
If the voting right of a stake in a financial subsidiary is limited to 5%, the group control over Samsung Electronics will be weaker, It is emphasized that the risk of attacking the right of management speculative capital increases. Samsung affiliates, Samsung Life Insurance (7.92%) and Samsung Fire & Marine Insurance (1.38%) hold 9.3% of the shares and 4.3% will not be able to exercise their voting rights. Yu Jeong-ju, head of the Korea Economic Research Institute's innovation team, said: "Prohibit internal transactions or restrict the voting rights of public companies is a system that does not exist in foreign countries and that does not correspond to the global standard. The biggest problem is to be vulnerable. "
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Tags Chosunbiz Finance rights Samsung Stake voting
