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Internal transactions at leading conglomerates reach 35 percent of their sales: data

All Headlines 08:25 June 04, 2018

SEOUL, June 4 (Yonhap) -- Intra-group transactions at leading conglomerates last year reached nearly 35 percent of their entire sales, topped by Samsung, data from a corporate tracker showed Monday.

Chaebul.com reviewed the top 60 business groups with assets of over 5 trillion won (US$4.65 billion) and found that their internal transactions with domestic and overseas affiliates totaled 543.79 trillion won, an amount equal to 34.56 percent of their 1,564.54 trillion won in sales.

Starting this year, the Fair Trade Commission requires conglomerates with more than 5 trillion won in assets to disclose their businesses with local and foreign subsidiaries.

Samsung topped the list with 196.25 trillion won in internal business, accounting for 62.14 percent of the group's sales. SK Group followed with 87.4 trillion won. Hyundai Motor Group was next with 78.76 trillion won, followed by LG Group with 69.24 trillion won. Inside transactions by these four conglomerates equaled 79.38 percent of the total.

Such transactions with domestic affiliates came to 189.7 trillion won, 12.06 percent of their entire sales. SK Group had the highest amount of 43.11 trillion won. Celltrion was the top in the ratio of internal business to sales with 43.31 percent. The pharmaceutical company was trailed by SK Group (26.92 percent), Jungheung Construction (26.74 percent), Hoban Construction (24.99 percent) and Netmarble (22.07 percent), according to data.

Internal transactions at leading conglomerates reach 35 percent of their sales: data - 1


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