© Reuters. The relative coverage of the conglomerate head is reduced
The conglomerate head’s kinship range (same person) will be reduced from the current ‘6 blood relations/4 blood relations’ to ‘4 blood relations/3 blood relations’.
The Fair Trade Commission announced on the 20th that the amendment to the Fair Trade Act Enforcement Decree, which includes this content, has passed the cabinet meeting. The amendment will take effect immediately after its publication after the approval of President Seok-Yeol Yoon. However, the amendment decided to include 5th and 6th cousins by blood and 4th cousins as extremely close relatives if they hold more than 1% of shares in a company controlled by the same person.
The amendment also includes content to include the biological father or mother of the head of the family out of wedlock in the scope of kinship. The Fair Trade Commission noted that ‘a person who is in a de facto marriage relationship as the biological father or mother of a biological child under the Civil Act’ is considered a relative of the head of the family, but after the Regulatory Committee discussed the matter . Reform Committee, the concept of ‘common law marriage’ was dropped. It reflected the point that there could be a dispute about whether or not there was a de facto marriage, and there was concern about invasion of privacy. TNC Foundation Chairman Kim Hee-young, who is a roommate of SK Group Chairman Chey Tae- and has a daughter with him, and Kim Hye-ran, known as the common-law spouse of SM Group Chairman Woo Oh-hyun and the biological mother Woo Bang Vice President Woo Ki-won, this amendment is expected to affect them. .
Reporter Kim So-hyun alpha@hankyung.com
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