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(Photo= Fair Trade Commission) |
[Alpha Biz= Reporter Kim Minyoung] Starting this year, the "RSU, Restricted Stock Unit" that the chaebol group's family members are supposed to receive must be disclosed.
This is due to the judgment that RSU could be abused by chaebol families to take advantage of private interests.
The Fair Trade Commission revised the disclosure manual so that not only companies belonging to large business groups but also unlisted companies should disclose all RSU status.
The Fair Trade Commission announced on the 16th that it will revise the 'Large Business Group Disclosure Manual' with this content.
The FTC made it clear that it has started to improve the system following criticism that the RSU system has failed to revive its original purpose and is being abused as a means of expanding the share of the total family.
Hanwha, which introduced the system for the first time in Korea, and companies such as Naver, Coupang, Doosan, and Krafton are using the system.
As RSU has no restrictions on the target, conditions, and limits of payment, some places give it to the family of the head of the company.
Amid this controversy, LS Group withdrew its RSU compensation system earlier this year.
The Korea Business Association, which represents the interests of chaebol groups, expressed opposition, arguing that the burden on companies would increase.
"The RSU form introduced by business groups is not often linked to the performance of executives and employees," said Kim Min-ji, head of the FTC.
"Under the revision of the manual, we will be able to provide the market with information on the details of equity changes, such as total family members due to the signing of RSU, and the possibility of expected equity changes in the future," she added.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
