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[Alpha Biz=(Chicago) Reporter Paul Lee] The Fair Trade Commission, which is reviewing Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering, is expected to conditionally approve the business combination on the premise of a ban on discrimination against competitors and the establishment of an external control mechanism to guarantee it.
According to the industry on the 9th, the FTC is expected to give 'conditional approval' to Hanwha's acquisition of Daewoo Shipbuilding & Marine Engineering.
The examiner of the Korea Fair Trade Commission is said to believe that if Hanwha gives preferential treatment to Daewoo Shipbuilding by using its monopolistic status in the ship parts market, rival warship manufacturers such as HD Hyundai Heavy Industries and HJ (Hanjin) Heavy Industries will be at a disadvantage, limiting competition in the domestic warship market.
In general, the FTC requires the FTC to prepare internal and external controls to monitor implementation and regularly submit implementation reports to the FTC when imposing corrective orders.
In 2015, when Hyundai Motor Group affiliates such as Hyundai Steel acquired Dongbu Special Steel, which manufactures auto parts materials, it banned "unfair discrimination against trading partners" and "providing confidential information from competitors acquired during the transaction process."
Hanwha does not have the ability or incentive to block its competitors In addition, it is expected to focus on proving that efficiency and consumer welfare benefits are greater than the harm caused by competition restrictions.
On the other hand, there is a possibility that government agencies will play a role of external monitoring and control, such as creating private monitoring bodies in consideration of the characteristics of the defense industry.
AlphaBIZ 폴리(hoondork1977@alphabiz.co.kr)
