ANN/THE KOREA HERALD – Samsung, SK, Hyundai Motor and LG, top four chaebol organisations in South Korea are likely to re-join the Federation of Korean Industries (FKI), a disgraced business lobby group inactive for years after its role in a massive influence-peddling scandal in 2016. The conglomerates’ significant affiliates conducted board meetings to ratify their […]
South Korea’s top four chaebol groups Samsung, SK, Hyundai Motor and LG are likely to rejoin the Federation of Korean Industries, the disgraced business lobby group that has remained practically defunct for years following the revelation of its role in a massive influence-peddling scandal in 2016. According to industry sources on Monday, key affiliates of the nation’s top conglomerates recently held.
Leveraged investments are regaining vigor in the capital market amid lingering fears that asset price bubbles may end up bursting due to macroeconomic uncertainties. According to data from the Korea Financial Investment Association, the credit transaction balance on the Korean stock market reached this year s new high of 20.55 trillion won ($15.3 billion) on Aug. 17. The figure shows the amount of leveraged stock investments in the benchmark KOSPI and secondary Kosdaq markets.
Samsung Group is expected to rejoin the Federation of Korean Industries (FKI) next Tuesday as its compliance committee recommended five affiliates to become members of the business lobby group once again. But the affiliates have been instructed to immediately withdraw from the federation if it colludes with political circles, according to the committee, Friday.