South Korea’s Fair Trade Commission (FTC) has approved a proposal for the merger of the LG Group’s three local telecom sub sidiaries LG Telecom, LG Dacom and LG Powercom.

South Korea’s Fair Trade Commission (FTC) has approved a proposal for the merger of the LG Group’s three local telecom subsidiaries ?? LG Telecom, LG Dacom and LG Powercom. After examining the proposals, the FTC stated that it was satisfied that a tie-up between the three units would be unlikely to harm competition in either the fixed line or wireless sectors. According to the proposal, which was approved by LG shareholders in November 2009, LG Telecom will absorb both LG Powercom and LG Dacom on January 1, 2010.