The Fair Trade Commission issued a ‘warning’ measure once morest Chey Tae-won, chairman of SK, who was interested in the accusation in relation to the allegation of false submission of designation data as a conglomerate.
On the 9th, the Fair Trade Commission warned (US) regarding the act of omitting four companies: Kin & Partners, Placepo, Dorell, and The System Lab Architects, while submitting data for the designation of a large conglomerate. He said he had decided to file a complaint.
The Fair Trade Commission explained that the possibility of recognizing the violation of the law by the same person, Tae-won Choi, was slight.
Chairman Chey Tae-won, who is the same person in corporate group SK, has been accused of submitting materials that are not true by omitting four companies, Keen & Partners, Placepo, Dorell, and The System Lab Architects, from his affiliated companies while submitting the designated data.
The Fair Trade Commission judged that these four companies meet the requirements for affiliated companies of the business group SK, as the same person, such as a non-profit corporation executive, owns shares, or the same person’s blood relative second cousins exercise dominant influence in management.
However, it was judged that the possibility of recognizing Chey Tae-won’s false submission of designated data was negligible according to the prosecution guidelines, so it was ended with a warning.
An FTC official said, “Chairman Chey Tae-won and SK’s existing affiliates do not hold shares in the four missing companies, and there is no evidence that Chairman Chey Tae-won was involved in the establishment and operation of the four companies, and internal transactions between SK’s existing affiliates. We also took into account the fact that there are very few of them,” he explained.