FTC to fine conglomerate heads for omitting affiliates from regulatory filings

South Korea's fair trade watchdog on Tuesday vowed to impose fines on conglomerate heads when their business groups omit affiliates from regulatory filings to avoid antitrust rules. The Fair Trade Commission unveiled the plan in a report submitted for a policy briefing to President Lee Jae Myung earlier in the day, along with other policy initiatives, including measures to tackle price rigging. Under the plan, heads of business groups could face fines of up to 10 percent of the larger of the com