In 2023, there were four large business groups in South Korea that participated in circular shareholding. The number of large conglomerates practicing circular shareholding has been falling significantly, especially since circular shareholding was banned by law in 2014.
Number of large business groups participating in circular shareholding in South Korea from 2014 to 2023
business groups subject to disclosure requirements under the Monopoly Regulation and Fair Trade Act
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."
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KFTC. (September 26, 2023). Number of large business groups participating in circular shareholding in South Korea from 2014 to 2023 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1314028/south-korea-conglomerates-practicing-cross-shareholding/
KFTC. "Number of large business groups participating in circular shareholding in South Korea from 2014 to 2023." Chart. September 26, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1314028/south-korea-conglomerates-practicing-cross-shareholding/
KFTC. (2023). Number of large business groups participating in circular shareholding in South Korea from 2014 to 2023. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1314028/south-korea-conglomerates-practicing-cross-shareholding/
KFTC. "Number of Large Business Groups Participating in Circular Shareholding in South Korea from 2014 to 2023." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/1314028/south-korea-conglomerates-practicing-cross-shareholding/
KFTC, Number of large business groups participating in circular shareholding in South Korea from 2014 to 2023 Statista, https://www.statista.com/statistics/1314028/south-korea-conglomerates-practicing-cross-shareholding/ (last visited October 02, 2024)
Number of large business groups participating in circular shareholding in South Korea from 2014 to 2023 [Graph], KFTC, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/1314028/south-korea-conglomerates-practicing-cross-shareholding/
