Top 10 Largest Conglomerates in South Korea

 


Top 10 Largest Conglomerates in South Korea (2024)

As of August 2024, the Fair Trade Commission of South Korea has released the rankings of the largest conglomerates based on total assets. These conglomerates, known locally as "chaebols," play a pivotal role in the nation's economy. Below is a list of the top 10 conglomerates:

  1. Samsung Group

    • Total Assets: ₩945.843 trillion
    • Overview: Samsung continues to lead with a diverse portfolio ranging from electronics to construction.
  2. NongHyup (National Agricultural Cooperative Federation)

    • Total Assets: ₩573.735 trillion
    • Overview: Serving as a central cooperative, NongHyup supports agricultural activities and offers financial services.
  3. Hyundai Motor Group

    • Total Assets: ₩354.852 trillion
    • Overview: A global automotive leader, Hyundai has expanded into various sectors, including steel and construction.
  4. SK Group

    • Total Assets: ₩334.360 trillion
    • Overview: With ventures in energy, telecommunications, and semiconductors, SK Group has shown significant growth.
  5. Hanwha Group

    • Total Assets: ₩243.326 trillion
    • Overview: Initially established in the explosives industry, Hanwha has diversified into sectors like finance and retail.
  6. LG Group

    • Total Assets: ₩177.903 trillion
    • Overview: Renowned for its electronics and chemical products, LG maintains a strong global presence.
  7. Lotte Group

    • Total Assets: ₩137.974 trillion
    • Overview: Lotte operates in various industries, including food, retail, and tourism, both domestically and internationally.
  8. POSCO Group

    • Total Assets: ₩137.098 trillion
    • Overview: Originating as a steel manufacturer, POSCO has expanded into construction and energy sectors.
  9. Mirae Asset Financial Group

    • Total Assets: ₩135.997 trillion
    • Overview: A leading financial services provider, Mirae Asset offers a range of investment and asset management solutions.
  10. Kyobo Life Insurance

    • Total Assets: ₩130.860 trillion
    • Overview: As one of the prominent life insurance companies in South Korea, Kyobo provides various insurance products and services.

Note: The above data is sourced from the Fair Trade Commission's August 2024 report.

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