Conditional Approval for Petrochemical Restructuring 'Daesan No. 1' Merger… Product Price Increases Restricted
3 Articles
3 Articles
The Fair Trade Commission announced on the 20th that it has conditionally approved "Daesan No. 1," a petrochemical restructuring project. Mergers between companies exceeding a certain size are subject to review by the KFTC due to concerns about the emergence of monopolistic or oligopolistic operators; the merger was approved conditionally because Daesan No. 1 will result in the emergence of a operator controlling 50% of production capacity. Rega…
(Sejong=Yonhap News) Reporter Kim Soo-hyun = The Fair Trade Commission has conditionally approved the business combination resulting from the 'Daesan Project No. 1,' submitted as the first restructuring of the petrochemical industry...
KFTC Conditionally Approves Daesan's First Merger... Limits LDPE and EVA Price Increases for 5 Years
[Digital Daily Reporter Chae Soo-woong] The Fair Trade Commission (Chairman Joo Byung-ki) has approved the business combination for the petrochemical business restructuring between Lotte Chemical and an affiliate of HD Hyundai Oilbank. However, citing concerns about restricting competition in the domestic low-density polyethylene (LDPE) and ethylene vinyl acetate (EVA) markets, the Commission imposed corrective measures, including five years of …
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
