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South Korea: FTC watching fewer companies than last month

 |  June 6, 2013

South Korea’s Fair Trade Commission has announced that fourteen companies have been taken off the regulator’s watch list and just ten have been added over the last month, resulting in a net four companies fewer than before under the FTC’s eye. The nation’s fair trade law requires that any business with assets of $4.4 billion or more must be added to the list as it is prohibited from offering loan guarantees or making equity investments in one another. As of Saturday, the FTC’s list had a total of 1,788 businesses, compared to 1,792 this time last month.

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