Firewalls to be drawn between industry, finance

Monday, 7 April 2003, 9:31 PM EST

The Fair Trade Commission (FTC) yesterday made it clear that a strict firewall will be set up between industrial giants and their financial subsidiaries in a move to prevent conglomerates from abusing financial units for business expansion and controlling the business arms.

In a report to President Roh Moo-hyun yesterday, FTC Chairman Kang Chul-kyu said conglomerates will be prohibited from exercising voting rights in their financial subsidiaries.

According to analysts, once the system is put in place, the Samsung group will be hit hardest as it controls many large financial units, including Samsung Life Insurance, Samsung Securities and Samsung Card.

[ Read more ]




Spotlight

Why vulnerability disclosure shouldn’t be a marketing tool

Brian Honan, CEO at BH Consulting, talks about a recent vulnerability disclosure trend – a trend that he believes may ultimately cause more harm than good: security vendors using vulnerability disclosure as a marketing tool with the goal of enhancing their company’s bottom line.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Wed, Jul 1st
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //