SEOUL -- South Korea on Wednesday named six conglomerates it plans to target under a new corporate law, including Samsung and Hyundai, as part of its push to rein in the country's powerful family-owned business empires.
The Financial Conglomerates Supervision Law, enacted by lawmakers last week, tightens oversight of conglomerates' financial affiliates, while the revised Commercial Law and Fair Trade Law limits major shareholders' voting rights, among other measures.
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