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Samsung, Hyundai Motor grab increased portion of Korean economy

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Published : 2014-07-14 21:00
Updated : 2014-07-14 21:00

South Korea’s two largest conglomerates ― Samsung Group and Hyundai Motor Group ― have snatched up an increased portion of the South Korean economy in the past three years from 2009, industry data showed Monday.

The two groups’ combined operating profit reached to 39 trillion won ($38 billion), or 24.9 percent, of the total operating profit reported by 482,574 listed companies in 2012, up 8 percent from 2009, according to Chaebul.com, which tracks South Korea’s conglomerates.

Their combined annual sales reached 412 trillion won, representing 11.9 percent of the total annual sales of 346.4 trillion won posted by the listed companies in 2012, a 1.9 percent rise from three years earlier.

The combined operating income of two groups’ flagship companies ― Samsung Electronics and Hyundai Motor ― was at 22.8 trillion won in 2012, taking up 14.7 percent of local companies’ operating profit. It nearly doubled from 2009. (Yonhap)

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