SEOUL -- Family-owned conglomerates increased internal transactions by 23% in 2016 from two years ago, ruling out external competition and making maximum profit for themselves, industry data showed Wednesday.
CEO Score, a corporate information provider, said that internal trading between 91 companies controlled by owner families and their affiliates reached 7.9 trillion won ($7 billion) in 2016. The online corporate tracker collected the data from the conglomerates' public disclosures.
