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Curb chaebol's expansion

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Conglomerates should no longer engage in unfair practices

Owner families of large business groups or chaebol that adopted a holding company system are still in charge of an aggregate 170 subsidiaries outside the system. This raises concerns about the continuous headlong expansion of chaebol into diverse business fields which puts small and medium enterprises at risk.

According to a report released Monday by the Fair Trade Commission (FTC), 23 chaebol were found to have adopted the holding company system as of Sept. 30,........

© The Korea Times