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South Korea's Big Three: How Samsung, SK, Hyundai Dominated Asset Growth

South Korea's leading business groups have shown remarkable financial growth over the past five years. Samsung, SK, and Hyundai Motor emerged as the top performers in asset expansion according to CEO Score's analysis. The top five conglomerates collectively saw their assets surge by nearly 39% to over 1,588 trillion won. This growth significantly outpaced the remaining 47 business groups combined, highlighting the increasing dominance of Korea's corporate giants.

Key Points: Samsung SK Hyundai Lead Korean Conglomerate Asset Growth

  • Samsung Group recorded largest absolute gain with 164 trillion won increase
  • SK Group surged 60.9% driven by SK hynix semiconductor expansion
  • Hyundai Motor grew 30.6% amid strong global auto sales and EV investment
  • Top five conglomerates' assets jumped 38.9% to 1,588 trillion won total
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Samsung, SK, Hyundai Motor see largest asset growth over 5 yrs

South Korea's top conglomerates saw massive asset growth over 5 years, with Samsung adding 164 trillion won and SK expanding 60.9% amid global expansion.

"The top five groups have far outperformed the remaining 47 in key indicators such as sales and operating profit - CEO Score"

New Delhi, October 22

South Korea's top three conglomerates, Samsung, SK, and Hyundai Motor, saw the largest asset growth over five years, as per a report by Pulse, the english service of Maeil Business News Korea.

According to an analysis conducted by corporate tracker CEO Score of 52 business groups with comparable assets between fiscal years 2019 and 2024, the total asset value of the groups rose 42.8 per cent from 1,897.3 trillion won (USD 1.3 trillion) in 2019 to 2,709.09 trillion won in 2024.

Among the business groups, the assets of the top five - Samsung, SK, Hyundai Motor, LG, and Lotte - jumped 38.9 percent from 1,143.6 trillion won to 1,588.07 trillion won during the same period, outpacing the total asset increase of the remaining groups combined.

Samsung Group recorded the largest gain, adding 164 trillion won in assets over five years, up 38.7 per cent to 589.1 trillion won.

SK Group, driven by SK hynix Inc.'s expansion, followed with a 60.9 per cent rise to 362.9 trillion won. Hyundai Motor Group grew 30.6 per cent to 306.6 trillion won amid strong global auto sales and investment in electric mobility.

By growth rate, Jungheung Construction Co. recorded the highest increase at 217.5 percent, largely due to the full reflection of its 2021 acquisition of Daewoo Engineering & Construction Co.

"The top five groups have far outperformed the remaining 47 in key indicators such as sales and operating profit," CEO Score said. "LG Group and Lotte Group, however, saw a decline in their operating profits due to losses in battery, chemical, and construction units."

- ANI

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Reader Comments

R
Rohit P
Samsung's growth is remarkable but not surprising. Their phones and appliances dominate Indian markets. Meanwhile, Hyundai cars are everywhere on our roads. These companies understand emerging markets better than anyone else.
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Arjun K
While these Korean giants are growing, I wish our Indian conglomerates like Tata and Reliance were getting similar global recognition. We have the potential but need more aggressive international expansion. 🤔
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Sarah B
The electric mobility investment by Hyundai is particularly interesting. With India pushing for EV adoption, this could mean more affordable electric vehicles for Indian consumers in the coming years. Good news for environment!
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Vikram M
SK Group's 60.9% growth driven by SK hynix is impressive! In the semiconductor race, they're competing well. Hope this means better tech and more job opportunities in their Indian operations.
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Michael C
The article mentions LG and Lotte facing losses in battery and construction units. This shows even giants face challenges. Diversification is good, but core competencies matter most in tough times.

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