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South Korea designates 92 conglomerates for disclosure requirements in 2025

( May 1, 2025, 03:00 GMT | Official Statement) -- MLex Summary: The Korea Fair Trade Commission has designated 92 large business groups with assets of at least 5 trillion won ($3.5 billion) as subject to disclosure requirements for 2025 under the competition law. Among them, 46 groups with assets exceeding 11.6 trillion won are also subject to cross-shareholding restrictions to curb excessive economic concentration. The regulator said the inclusion of newly designated companies under disclosure requirements — such as defense firm LIG, cryptocurrency exchange Bithumb and roll-on/roll-off shipping line Eukor Car Carriers — reflects their rapid asset growth, driven by recent shifts in the external business environment, such as a rise in global military spending amid heightened geopolitical tensions, increased crypto investment fueled by the recent US presidential election and surging freight rates due to instability in the Middle East. The statements, in Korean, are attached....

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