The Fair Trade Commission said Wednesday that its panel to study a possible revision to the Antimonopoly Law will hold its first meeting Feb. 15.
The panel will focus mainly on holding companies, with the study group expected to finish discussions by the end of fall, the FTC said.
An amendment to the Antimonopoly Law in 1997 saw the removal of a five-decade-old ban on the establishment of holding companies. It was decided at that time, however, that the lifting of the ban should be re-examined after a period of five years.
The panel will discuss what kinds of holding companies should be prohibited and a possible revision of the so-called 5 percent rule, which prohibits financial institutions from holding an equity stake of more than 5 percent in a company.
It will also discuss how to penalize conduct that restricts competition, the FTC said.
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