As of May 2024, the total assets of business groups in South Korea subject to cross-shareholding restrictions amounted to about 2,800 trillion South Korean won. This was an increase compared with the previous year. 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.
Total assets of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024
(in trillion South Korean won)
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.
1,000 South Korean won equals 0.73 U.S. dollars or 0.67 euros as of June 2024.
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Statistics Korea. (May 27, 2024). Total assets of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 (in trillion South Korean won) [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/1312984/south-korea-total-assets-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea. "Total assets of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 (in trillion South Korean won)." Chart. May 27, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/1312984/south-korea-total-assets-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea. (2024). Total assets of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 (in trillion South Korean won). Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/1312984/south-korea-total-assets-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea. "Total Assets of Large Business Groups Subject to Limitations on Cross-shareholding in South Korea from 2017 to May 2024 (in Trillion South Korean Won)." Statista, Statista Inc., 27 May 2024, https://www.statista.com/statistics/1312984/south-korea-total-assets-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea, Total assets of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1312984/south-korea-total-assets-of-conglomerates-under-cross-shareholding-regulations/ (last visited October 14, 2024)
Total assets of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 (in trillion South Korean won) [Graph], Statistics Korea, May 27, 2024. [Online]. Available: https://www.statista.com/statistics/1312984/south-korea-total-assets-of-conglomerates-under-cross-shareholding-regulations/
