In 2023, there were 10 cross-shareholding loops among large business groups in South Korea. This represents a nearly 98 percent drop since 2014. The number of large conglomerates practicing cross-shareholding has been falling significantly, especially since circular shareholding was banned by law in 2014.
Number of cross-shareholding loops among large business groups 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 cross-shareholding loops among large business groups in South Korea from 2014 to 2023 [Graph]. In Statista. Retrieved September 26, 2024, from https://www.statista.com/statistics/1314035/south-korea-cross-shareholding-loops-among-corporate-groups/
KFTC. "Number of cross-shareholding loops among large business groups in South Korea from 2014 to 2023." Chart. September 26, 2023. Statista. Accessed September 26, 2024. https://www.statista.com/statistics/1314035/south-korea-cross-shareholding-loops-among-corporate-groups/
KFTC. (2023). Number of cross-shareholding loops among large business groups in South Korea from 2014 to 2023. Statista. Statista Inc.. Accessed: September 26, 2024. https://www.statista.com/statistics/1314035/south-korea-cross-shareholding-loops-among-corporate-groups/
KFTC. "Number of Cross-shareholding Loops among Large Business Groups in South Korea from 2014 to 2023." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/1314035/south-korea-cross-shareholding-loops-among-corporate-groups/
KFTC, Number of cross-shareholding loops among large business groups in South Korea from 2014 to 2023 Statista, https://www.statista.com/statistics/1314035/south-korea-cross-shareholding-loops-among-corporate-groups/ (last visited September 26, 2024)
Number of cross-shareholding loops among large business groups in South Korea from 2014 to 2023 [Graph], KFTC, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/1314035/south-korea-cross-shareholding-loops-among-corporate-groups/
