Monday, April 1, 2013

Top 4 Conglomerates' Wealth Grows Faster Than Smaller Competitors

Unless the underlying structural problems are addressed, this gap will grow.

From Yonhap:

Profits and sales of South Korea's top four business groups have grown much faster than their smaller competitors over the past five years, a report showed Monday, indicating a further concentration of wealth in a small number of top-tier conglomerates.

According to the report by the Fair Trade Commission (FTC), the four -- Samsung, Hyundai Motor, SK and LG -- saw their combined net profit account for 79.8 percent of the total racked up by the country's 30 largest conglomerates this year. This is up from 70.5 percent tallied in 2009.


http://english.yonhapnews.co.kr/business/2013/04/01/0501000000AEN20130401007700320.HTML

No comments:

Post a Comment