SEOUL -- South Korea's National Assembly passed a bill to limit power of South Korea's strong family-run conglomerates, or chaebol -- a cornerstone policy of President Moon Jae-in.
The legislation to revise the Commercial Law was passed on Wednesday. Two other bills related to the chaebol -- a revision of the Antitrust & Fair Trade Law and enactment of the Financial Conglomerates Supervision Law -- are expected to be passed later in the evening.
