April 27, 2024

• 

[THE INVESTOR] The combined investments made by Hyundai Motor Group, the world’s fifth-largest automobile company, plummeted by 53.4 percent in 2016 from the previous year, leading the overall investment decline of top 30 conglomerates, industry data showed on April 4.

According to industry tracker CEO Score, Hyundai Motor Group invested a combined 8.41 trillion won (US$7.52 billion) in both tangible and intangible assets last year, in comparison to 18.04 trillion won in 2015. 

The fall is in large part due to the heavy investments made in the auto conglomerate’s new building project Hyundai Global Business Center that was reflected in 2015. Hyundai purchase a plot in southeastern Seoul for 10.55 trillion won in late 2015.

Last year, investments made by the top 30 conglomerates – with 266 affiliates -- came to 60.69 trillion won, a 13.39 trillion won, or 18.1 percent, drop from the previous year.

The three top groups -- Hyundai, Samsung and SK -- accounted for more than 95 percent of the total differences, or 12.52 trillion won.

Samsung Group invested the most of 15.13 trillion won last year, but the figure is a decrease of 1.76 trillion won, or 10.4 percent, from 2015.

SK Group made investments of 10.88 trillion won, which was reduced by 1.42 trillion won, or 14.2 percent, on-year.

LG, however, posted the biggest increase in investments, up 991 billion won, or 14.2 percent, to 7.95 trillion won.

By Ahn Sung-mi (sahn@heraldcorp.com)