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.
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
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