Rankings of Korean top conglmorates is highly watched. In Korea, it denotes status and success.
The current ranking is soon to change...according to Korea Herald,
The bidding for this year's largest offering Daewoo Engineering & Construction Co. ended on Friday, sparking possible changes in the rankings of local business giants.
Should the builder with assets worth about $6 billion fall into the hands of Kumho Asiana or Doosan groups, one of the two would - overnight - become the nation's eighth largest conglomerate, with greater leverage in the domestic industry.
Daewoo E&C ranks 21st among top private corporations in Korea according to the Fair Trade Commission.
If Kumho Asiana Group, one of the strongest bidders and the nation's 11th largest conglomerate acquires the construction company, it would outstrip Doosan Group and leap to the No. 8 spot after Hanjin Group (20.7 trillion won in assets). If luck turns to Doosan Group- it would climb two notches to No. 8.
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