In 2024, sales from South Korea’s top five conglomerates made up 40% of the country’s Gross Domestic Product (GDP), with large business groups contributing 78.8% to the economy. This is a decrease from the 85% mark reached in 2022. The 92 major business groups, designated by the Fair Trade Commission, reported sales of 2,007.7 trillion won, equivalent to 78.8% of the nominal GDP. The top large corporations, known as mutual investment restriction business groups, accounted for 71.9% of the GDP. Samsung Group, the leading conglomerate, reported sales of 331.8 trillion won, making up 13.0% of South Korea’s GDP.
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Auto-posted at: 2025-05-06 09:00:47