South Korea: affiliates of conglomerates under cross-shareholding regulations 2022

As of May 2022, there were about 2.1 thousand affiliates of business groups in South Korea subject to cross-shareholding restrictions. The ban on cross-shareholdings aims, among other things, to prevent the excessive concentration of economic power of large corporate groups and conglomerates, also known as chaebols.

Number of affiliates of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2022

Characteristic	Number of affiliates
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Release date

May 2022

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Region

South Korea

Survey time period

2017 to May 2022

Supplementary notes

The South Korean Monopoly Regulation and Fair Trade Act prohibits circular shareholding of business groups with total assets of ten trillion South Korean won or more. According to the law, a member company of a business group subject to limitations on circular shareholding "shall neither acquire nor hold shares of any affiliate that, in turn, acquires or holds shares of that member company."

The threshold for the total assets of business groups subject to this regulation was increased from five to ten trillion South Korean won in September 2016.

Since 2016, public companies have been excluded.

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