Top 10 take up 60% of listed firms’ H1 operating incomeUnits of Korea’s top 10 family-controlled conglomerates contributed nearly 60 percent to the first-half operating income of all listed companies, data showed Monday, pointing to their huge presence here.
The combined operating income of 91 listed companies belonging to the leading business groups soared 72.1 percent on-year to 39.3 trillion won ($34.7 billion) in the January-June period, with the number for the remaining 1,813 firms rising a mere 1.3 percent to 26.8 trillion won.
The top 10 group companies accounted for 59.5 percent of their total operating income, up 13.2 percentage points from a year earlier.
The combined operating income of all the listed firms rose 34.1 percent on-year to 66.2 trillion won in the first half, with their sales climbing 7.2 percent to 764.4 trillion won.
More in Economy
Tapped out and hunkered down, Korea stares recession in the face
Property owners get big tax shock
Household debt keeps climbing despite gov't efforts
Career interruptions due to marriage and childbirth down 11 percent
Despite vaccine shot in the arm, credit risk remains in markets