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| 구광모 LG그룹 회장. (사진=연합뉴스) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] LG Chairman Koo Kwang-mo, who missed two affiliates when submitting designated data to the Fair Trade Commission, was warned.
According to the Fair Trade Commission on the 11th, the first subcommittee of the Fair Trade Commission recently voted to issue a warning against Koo's false submission of designated data.
Designated data refers to data such as the status of affiliates, relatives, and executives that the FTC receives from the same person every year to designate a business group subject to disclosure.
According to the Fair Trade Commission, Koo omitted "North Terrace" Co., Ltd. and "Invision Partners" Co., Ltd. when submitting data on his agency's status in April last year.
At that time, Kim, an outside director of LG, was the largest investor who owned more than a 30% stake in North Terrace. The largest investor of Invision Partners was Mr. Je, an outside director of LG Uplus.
Based on this, the Fair Trade Commission judged that North Terrace and Invisible Partners were affiliated with LG, a business group, and that LG's submission of data was illegal.
However, they explained that they set the level of disposal as a warning, considering that the two companies are not owned by Chairman Koo himself or his relatives, that they are small companies with small sales, and that they are not likely to be aware of the submission of false data.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
