According to local corporate tracker chaebul
.com on Sunday, the nation's 10 biggest business groups by assets had combined cash reserves of around 248 trillion won ($218 billion) last year, up 12.2 per cent from 2017, based on the consolidated financial statements of their 95 affiliates.
There are seven celebrities in South Korea with stocks worth at least 10 billion won ($9 million) as of November this year, data from corporate tracker Chaebul
According to business information provider Chaebul
.com Monday, owner families of the country's top 25 companies and their friendly forces held on average 43.23 percent stake.
"The pay cut is not that much, but symbolizes the severity of the difficulties Hyundai Motor Group is undergoing," said Chung Sun-sup, chief executive of corporate research firm Chaebul
"This will freeze the group's investment decisions for the foreseeable future," said Chung Sun-sup, CEO of research firm Chaebul
head of South Korean research firm Chaebul
.com, as saying.
Chung Sun-sup, chief executive of corporate monitoring company Chaebul
.com, said Samsung appeared to be growing more proactive in dealing with allegations of impropriety in response to growing scrutiny of corporate practices in South Korea.
Large PCB makers are subsidiaries of conglomerates (chaebul
in Korean), and therefore detailed information regarding their PCB activities are not spelled out.
The economic crisis since 1997 urged reform of the economy with several programs--the financial systems, the Chaebul
's governance, labor market and the public sector.
According to Chaebul
.com, a business information provider, only 10 percent of the top 138 listed firms here have adopted the system.
'To a certain extent, this case started by the public's desire wanting to see the end in collusion between the government and big businesses,' said Chung Sun-sup, head of corporate analysis firm Chaebul
"Chairman Lee has made a significant mark not just for Samsung but also for the Korean economy as a whole, by helping it globalise when the country embraced the new high-technology era," said Chung Sun Sup, chief executive officer of corporate researcher Chaebul