Conglomerate-Affiliated Firms Decline Amid Portfolio Restructuring: FTC
4 Articles
4 Articles
The Fair Trade Commission announced on the 14th that the number of affiliated companies within 102 large corporate groups decreased from 3,538 to 3,534 over the three-month period from May 1 to August 3. The KFTC explained that the slight decrease in affiliated companies was due to moves such as the restructuring of business portfolios through the divestment of non-core businesses, as well as the exclusion of affiliates controlled by relatives o…
(Sejong = Yonhap News) Reporter Kim Soo-hyun = Recently, large corporate groups have been consolidating their internal operations by divesting non-core businesses or advancing into future high-value-added industries such as artificial intelligence (AI) and semiconductors...
Korean Chaebols Reshape Portfolios Toward AI and Semiconductors
The Fair Trade Commission. Domestic large business groups (Chaebols or conglomerates) are clearing out non-core businesses and rapidly restructuring their business structures toward future high-value industries such as artificial intelligence and semiconductors. According to the ‘Status of Changes in Affiliated Companies of Large Business Groups Over the Last Three Months’ announced by the Fair Trade Commission (FTC) on Aug. 14, the number of …
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