As of May 2024, there were about 2.2 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 2024
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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.
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Statistics Korea. (May 27, 2024). Number of affiliates of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1312973/south-korea-companies-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea. "Number of affiliates of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024." Chart. May 27, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1312973/south-korea-companies-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea. (2024). Number of affiliates of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1312973/south-korea-companies-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea. "Number of Affiliates of Large Business Groups Subject to Limitations on Cross-shareholding in South Korea from 2017 to May 2024." Statista, Statista Inc., 27 May 2024, https://www.statista.com/statistics/1312973/south-korea-companies-of-conglomerates-under-cross-shareholding-regulations/
Statistics Korea, Number of affiliates of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 Statista, https://www.statista.com/statistics/1312973/south-korea-companies-of-conglomerates-under-cross-shareholding-regulations/ (last visited July 22, 2024)
Number of affiliates of large business groups subject to limitations on cross-shareholding in South Korea from 2017 to May 2024 [Graph], Statistics Korea, May 27, 2024. [Online]. Available: https://www.statista.com/statistics/1312973/south-korea-companies-of-conglomerates-under-cross-shareholding-regulations/
