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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kim Beom-soo, former chairman of Kakao's board of directors, received a warning from the Fair Trade Commission for failing to report the list of relatives and two related companies belonging to the group.
According to the FTC on the 16th, the FTC issued a warning to former Chairman Kim for violating the Monopoly Regulation and Fair Trade Act (Fair Trade Act) at the first meeting held on the 19th of last month.
According to the FTC's resolution, former chairman Kim omitted the list of two affiliated companies and relatives when submitting data on the designation of cross-shareholding-restricted business groups between 2019 and 2021.
The two missing companies are Chowon Meat Processing and Meat Seoul Livestock Trading. The two companies belong to Kakao under the Fair Trade Act, in which Chairman Kim's relatives and relatives own more than 30% of the total number of issued shares.
In addition, it has been confirmed that Chairman Kim did not report the list of 27 relatives within the fourth cousin.
Kakao, a group of companies restricted from cross-shareholding, is required to submit designated data to the Fair Trade Commission every year, including the status of its companies.
However, the FTC issued a warning instead of a complaint, considering that the possibility of recognizing former chairman Kim's omission of the list is small and that he acknowledged the act.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
