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Korea's Top Conglomerates See 30% Profit Surge

5/20/2025

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Summary

Story summary

Korea's leading business groups—Samsung, SK, Hyundai Motor, and LG—expanded assets to 1,444.8 trillion won ($1,039 billion) in 2024.
Net profit surged by 30.8% from 2022 to 2024.
Employment levels remained steady, with a minor increase from 745,000 to 746,000 employees.
Meanwhile, the top 30 conglomerates experienced an 8.8% rise in total employment.

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Story summary

Korea's leading business groups—Samsung, SK, Hyundai Motor, and LG—expanded assets to 1,444.8 trillion won ($1,039 billion) in 2024.
Net profit surged by 30.8% from 2022 to 2024.
Employment levels remained steady, with a minor increase from 745,000 to 746,000 employees.
Meanwhile, the top 30 conglomerates experienced an 8.8% rise in total employment.