[라인그룹 2세 시대]② '상징성' 공병탁 vs '지배력' 공병학

The Fair Trade Commission's designation of Park Byung-hak as Line Group's de facto controller, despite Park Byung-tak holding majority shares in its largest subsidiary, exposes how Korean conglomerates concentrate power through capital flows and family networks rather than formal shareholding. With over 3.1 trillion won in inter-affiliate transactions flowing through Park Byung-hak's side and his sons controlling key subsidiaries, the case illustrates how regulatory bodies are increasingly scrutinizing real economic control beyond nominal voting rights. This structural analysis reflects broader regulatory trends toward transparency in family-controlled large enterprises.