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SAT, 2014-11-01  KST

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Samsung & Hyundai Motor's combined operating profit surpasses 30%

Updated: 2014-01-14 06:27:31 KST
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It appears the Korean economy is becoming even more dependent on its two biggest conglomerates, Samsung and Hyundai Motor.
Data released by Chaebol-dot-com shows the combined operating profit of the two conglomerates accounted for more than 30 percent of that of all Korean companies for the first time in 2012.
Samsung accounted for about 21 percent while Hyundai Motor took up about nine percent.
Experts have raised concerns the country's heavy reliance on a few business giants could pose risks for the overall economy during the time of a crisis.
Responding to the report,.. Finance Minister Hyun Oh-seok said the government is analyzing the level of "economic concentration" of Samsung and Hyundai.


Reporter : Lian.yoo@arirang.co.kr

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