Samsung, Hyundai Motor grab increased portion of Korean economy
Jul 14, 2014
South Korea’s two largest conglomerates ― Samsung Group and Hyundai Motor Group ― have snatched up an increased portion of the South Korean economy in the past three years from 2009, industry data showed Monday. The two groups’ combined operating profit reached to 39 trillion won ($38 billion), or 24.9 percent, of the total operating profit reported by 482,574 listed companies in 2012, up 8 percent from 2009, according to Chaebul.com, which tracks South Korea’s conglomerates. Their combined annu