SK names most publicly trading among top business groups in Korea

2021.06.10 10:41:45

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South Korea’s third-largest conglomerate SK Group has the most publicly trading units under its arm among the country’s top chaebol names, data showed.

According to the disclosure records as of Thursday, SK Group had 18 affiliates including SK Innovation, SK Telecom and SK Biopharmaceuticals trading on the local stock exchanges as of the end of last year, the largest among the country’s big business groups.

The number goes up to 19 when including SK Bioscience that went public in March.

Samsung came second with 16 listed affiliates, followed by LG with 13, Hyundai Motor with 12, Lotte, Hyosung and KT with 10, respectively, and CJ and Hyundai Department Store with 8.

Upon going public, a company is required to regularly disclose financial statements and performance-related developments and fall under watch by shareholders. The ratio of listed companies against the number of the family units can be considered a measure of group’s transparency.

Hyundai Department Store and Celltrion become the most transparent groups under such term with the highest ratio of 33.3 percent companies listed. Hyundai Department Store publicly traded eight out of total 24 units, and Celltrion three out of nine.

They were followed by Samyang with 30.8 percent listed affiliates, Doosan with 28 percent, Samsung with 27.1 percent, HMM with 25 percent, and Halla with 23.1 percent.

SK with businesses ranging from chips to petrochemicals reported 14.5 percent in the ratio, LG 20.3 percent, and Hyundai Motor 21.8 percent.

Kakao with the second-most subsidiaries however had only two listed companies with 1.9 percent, and Naver one.

Others with small ratio include Samchully (3.2 percent), Korea Investment & Securities (3.8 percent), IS Holdings (4.2 percent), SM Entertainment (50 percent), NongHyup Financial Group (5.3 percent) and E-Land (6.3 percent).

Booyoung Group has no unit trading.

By Pulse

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