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Photo = Fair Trade Commission |
[Alpha Biz= Reporter Kim Sangjin] In 2023, the proportion of internal transactions within South Korea's major conglomerates slightly increased compared to the previous year, with companies where the second-generation family members held a larger share showing a higher ratio of internal dealings.
According to the Fair Trade Commission (FTC), the proportion of internal transactions within domestic and international affiliates of publicly listed business groups reached 32.5% last year, amounting to ₩704.4 trillion. Of this, 12.8% (₩277.9 trillion) was between domestic affiliates. While the total sales of these groups fell significantly from ₩2246.4 trillion to ₩2132.5 trillion, the internal transaction ratio increased by 0.6 percentage points.
Among the top 10 conglomerates, the internal transaction volume between domestic affiliates totaled ₩194.8 trillion. Hyundai Motor led with ₩62.9 trillion, followed by SK with ₩52 trillion, Samsung with ₩34.6 trillion, POSCO with ₩25.2 trillion, and HD Hyundai with ₩11.6 trillion.
The data also revealed a trend where companies with higher second-generation family shareholding showed a greater proportion of internal transactions. Particularly, companies with second-generation family shareholdings of over 50% saw their internal transaction share increase to 29.0%, up from 25.8% the previous year. Excluding those with 100% second-generation shareholding, most categories showed an increase in internal transaction ratios compared to the prior year.
Industry-wise, sectors such as personal services, business facilities management, and rental services exhibited the highest internal transaction ratios, while the largest transaction amounts were found in manufacturing, transportation, and construction industries.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
