Internal transactions among South Korean conglomerates' affiliates hits US$ 168.8 bil. in 2017
- 6 years ago
60개 대기업집단 작년 내부거래 191조…10대 재벌이 142조 차지
Internal transactions among affiliate companies of conglomerates increased in 2017 from a the year prior.
According to the Fair Trade Commission, 1-thousand-779 firms of 60 corporate giants traded almost 1-hundred-69 billion U.S. dollars with other affiliates last year.
That amount makes up 11-point-9 percent of all business transactions during that period...and is 34-point-3 billion dollars more than 2016.
The FTC said the increase in the number of conglomerates subject to its publication requirements caused the hike.
Inter-affiliate trading by top 10 local conglomerates including Samsung and LG.... increased by 17-point-4 billion U.S. dollars.
The nation's corporate watchdog plans to release related data in the future and strictly enforce laws against unfair internal transactions.
Internal transactions among affiliate companies of conglomerates increased in 2017 from a the year prior.
According to the Fair Trade Commission, 1-thousand-779 firms of 60 corporate giants traded almost 1-hundred-69 billion U.S. dollars with other affiliates last year.
That amount makes up 11-point-9 percent of all business transactions during that period...and is 34-point-3 billion dollars more than 2016.
The FTC said the increase in the number of conglomerates subject to its publication requirements caused the hike.
Inter-affiliate trading by top 10 local conglomerates including Samsung and LG.... increased by 17-point-4 billion U.S. dollars.
The nation's corporate watchdog plans to release related data in the future and strictly enforce laws against unfair internal transactions.