[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Korean economic news to share with you which is as undermentioned.
Conglomerates with assets worth over 10 trillion won ($8.9 billion) accounted for 61 percent of combined operating profit of all South Korean businesses last year, government data showed Thursday.
The data underscored that Asia's fourth-largest economy is still dominated by conglomerates, known here as chaebol.
In 2017, the country had 2,191 big companies control such large assets. They accounted for a mere 0.3 percent of the country's 666,163 companies, according to the data compiled by Statistics Korea.
Read more at: http://www.koreaherald.com/view.php?ud=20181206000569
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