April 27, 2024
Economy
[GRAPHIC NEWS] Top conglomerates stingy in making donation
[THE INVESTOR] According to data from market researcher Chaebo.com, listed firms of major conglomerates donated 963.2 billion won (US$847.8 million) last year, down 1.7 percent from a year earlier.
Listed affiliates of Samsung, Hyundai Motor, Lotte, POSCO and GS groups cut their public donation last year.
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Samsung's listed firms donated 470.3 billion won last year, down 11.7 percent on-year. Samsung Electronics, the group's crown jewel, cut donation by 10.7 percent to 334.5 billion won. Donation by companies under Hyundai Motor Group also declined 6.2 percent on-year to 105.3 billion won.
(theinvestor@heraldcorp.com)
