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Samsung, Hyundai Make 30% of Korea’s Corporate Operating Profits
Chaebol Profits
Samsung, Hyundai Make 30% of Korea’s Corporate Operating Profits
  • By matthew
  • January 14, 2014, 09:40
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Korea’s top 4 conglomerates.
Korea’s top 4 conglomerates.

 

According to Jaebol.com, the top 10 conglomerates in 2012 by asset made 61.2 trillion won (US$57.9 billion) in profits, comprising 43 percent of the total amount of 141.7 trillion won (US$ 134 bil) of profits by all Korean corporations.  The combined operating profit of Samsung and Hyundai Motor was 43 trillion (US$ 40 billion), roughly 30 percent of the total figure.

This result is alarming to some, who called for efforts to diversify and nurture various industries and companies.