Samsung Group Share of Korean Economy Continues to Grow
A select few of South Korea's big business groups have for decades dominated that nation's economy. But never has one group commanded such a share...
A report released by South Korea's Financial Supervisory Service found that Korea's largest conglomerate accounted for over 50 percent of the top-five domestic conglomerates' assets and profits.
Total assets for the Samsung Group reached $198 billion in 2004, taking up 51.3 percent of the combined total assets of the top five business groups. These include Hyundai Motor Group, LG Group, SK Group and Hanwha Group.
In addition, a recent report by the Korea Stock Exchange and the Korea Listed Companies Association showed that the Samsung Group also accounted for 24 percent of all the listed companies' total net profits last year.
A report released by South Korea's Financial Supervisory Service found that Korea's largest conglomerate accounted for over 50 percent of the top-five domestic conglomerates' assets and profits.
Total assets for the Samsung Group reached $198 billion in 2004, taking up 51.3 percent of the combined total assets of the top five business groups. These include Hyundai Motor Group, LG Group, SK Group and Hanwha Group.
In addition, a recent report by the Korea Stock Exchange and the Korea Listed Companies Association showed that the Samsung Group also accounted for 24 percent of all the listed companies' total net profits last year.
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