[Monitor] South Korea’s conglomerates continue to dominate trade

By Korea Herald

Published : Dec 30, 2019 - 16:38
Updated : Dec 30, 2019 - 16:38


A handful of large companies in South Korea continued to dominate the country’s exports and imports, according to data released by the Korea Customs Service and Statistics Korea.

As per the export data, 805 large companies -- just 0.8 percent of total exporting firms -- accounted for 66.6 percent in 2018, an on-year increase of 0.3 percentage point.

The value of imports by 1,092 large businesses increased by 0.2 percentage point to reach $323 billion, having a 61 percent share of all imports by value in 2018. They accounted for just 0.6 percent of the total number of importers.

(khnews@heraldcorp.com)

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The Korea Herald by Herald Corporation