In 2019, gross profits of companies subject to cross-shareholding restrictions accounted for about 32 percent of total gross profits of for-profit companies in South Korea. Together with other large companies, they accounted for more than 50 percent of total gross profits that year.
Distribution of gross profit generated by profit corporations in South Korea in 2019, by size of corporation
*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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Statistics Korea. (December 14, 2020). Distribution of gross profit generated by profit corporations in South Korea in 2019, by size of corporation [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1314698/south-korea-gross-profit-distribution-of-profit-corporations-by-size/
Statistics Korea. "Distribution of gross profit generated by profit corporations in South Korea in 2019, by size of corporation." Chart. December 14, 2020. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1314698/south-korea-gross-profit-distribution-of-profit-corporations-by-size/
Statistics Korea. (2020). Distribution of gross profit generated by profit corporations in South Korea in 2019, by size of corporation. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1314698/south-korea-gross-profit-distribution-of-profit-corporations-by-size/
Statistics Korea. "Distribution of Gross Profit Generated by Profit Corporations in South Korea in 2019, by Size of Corporation." Statista, Statista Inc., 14 Dec 2020, https://www.statista.com/statistics/1314698/south-korea-gross-profit-distribution-of-profit-corporations-by-size/
Statistics Korea, Distribution of gross profit generated by profit corporations in South Korea in 2019, by size of corporation Statista, https://www.statista.com/statistics/1314698/south-korea-gross-profit-distribution-of-profit-corporations-by-size/ (last visited November 24, 2024)
Distribution of gross profit generated by profit corporations in South Korea in 2019, by size of corporation [Graph], Statistics Korea, December 14, 2020. [Online]. Available: https://www.statista.com/statistics/1314698/south-korea-gross-profit-distribution-of-profit-corporations-by-size/
