ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Elite chaebol tighten grip on South Korean economy

Five conglomerates took in 72% of profit among peers last year

Samsung Electronics headquarters in Seoul. Samsung is one of five chaebol that hold more than half of the combined assets among South Korea's 59 family-run business empires.   © Reuters

SEOUL -- The top five accounted for 72% of the combined net profit of South Korea's 59 family-run business empires last year, the country's fair trade watchdog said on May 15, illustrating dwindling competition in the industrial sector.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more