On 29 April 2026, SK FTC designated groups re disclosure and cross-shareholding.
- SK FTC designated 102 corporate groups with total assets of KRW 5trn or more (3,538 affiliated firms) as being subject to disclosure requirement, effective 1 May 2026.
- It also designated 47 corporate groups with total assets of KRW 12trn or more (2,088 affiliated companies) as being subject to cross-shareholding restrictions.
- This designation resolves the discrepancy between authority and responsibility by aligning the person who effectively controls the corporate group with the same person who bears ultimate responsibility for the application of large corporate group policies.
Main Features of Designation
- 11 corporate groups have been newly designated in tandem with globalization of K-beauty and K-food (Kolmar Korea and Orion) and the booming stock market (Toss).
- As well as rising precious metal prices and exchange rates (Heesung and Iljin Global), and large-scale merger and acquisition (Woongjin).
- Among the 91 corporate groups designated consecutively following 2025, Jungheung Construction and Coupang will change their designated controlling person.
- Dunamu will maintain its existing controlling person.
Future Plans
- SK FTC will continue operating the same-person system strictly.
- Based on the results of this designation, it will provide useful information to market participants by sequentially disclosing information on the designated groups.
