Joo Byung-ki, nominee for Fair Trade Commission chair, pledged strict enforcement against unfair intra-group support using derivatives, following CJ Group’s penalty for aiding affiliates via TRS contracts.
#YonhapInfomax #FairTradeCommission #CJGroup #Derivatives #TRSContracts #UnfairSupport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=80009
Joo Byung-ki Vows Strict Action Against Unfair Support via Derivatives
Joo Byung-ki, nominee for Fair Trade Commission chair, pledged strict enforcement against unfair intra-group support using derivatives, following CJ Group’s penalty for aiding affiliates via TRS contracts.
CJ Group was fined 6.54 billion won ($4.7 million) by South Korea’s Fair Trade Commission for using TRS contracts to unfairly support struggling affiliates, in a move regulators say undermined market competition.
#YonhapInfomax #CJGroup #FairTradeCommission #TRSContracts #UnfairSupport #PerpetualConvertibleBonds #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=72327
CJ Group Sanctioned by Antitrust Regulator for Affiliate Support via TRS Contracts
CJ Group was fined 6.54 billion won ($4.7 million) by South Korea’s Fair Trade Commission for using TRS contracts to unfairly support struggling affiliates, in a move regulators say undermined market competition.
CJ Group Faces Antitrust Sanctions for Affiliate Support via TRS Contracts
CJ Group was fined 6.54 billion won ($4.7 million) by South Korea's Fair Trade Commission for using TRS contracts to unfairly support struggling affiliates, violating antitrust law.
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