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The Korea Herald
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THE INVESTOR
March 29, 2024

Industrials

Top conglomerates increase assets

  • PUBLISHED :February 20, 2019 - 13:17
  • UPDATED :February 20, 2019 - 13:23
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Assets owned by top 60 conglomerates amounted to 2,048.35 trillion won (US$1.81 trillion) as of end-September last year, with SK Group close to grabbing the No. 2 spot from Hyundai Motor, a local business tracking site said on Feb. 20.

The tally marked the first time that the conglomerate-held assets surpassed 2,000 trillion won, according to CEO Score.




Samsung maintained a solid lead after crossing the 400 trillion-won level for the first time for a total of 418.21 trillion won, helped by a robust performance in its chip business.

Its assets are more than the government budget of 400.7 trillion won for 2017.

Hyundai’s assets were assessed at 220.59 trillion won, followed by SK’s 213.2 trillion won.

The rankings for the two, however, may be reversed soon, CEO Score analyzed. The automaker suffered big losses last year, losing 2.05 trillion won in assets, while SK gained 23.67 trillion won as its chip affiliate, SK hynix, showed a record performance.

SK also increased assets through takeovers, and the completion of semiconductor clusters by SK hynix will further raise its holdings, CEO Score said.

Others on the ranked list included LG (130.3 trillion won), Lotte (117.95 trillion won), POSCO (82.75 trillion won) and Hanwha (65.44 trillion won).

By Ram Garikipati and newswires (ram@heraldcorp.com)

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