Inner transaction quantities among the many high 10 enterprise teams which have controlling shareholders reached roughly 193 trillion received, displaying a rise for the primary time in two years. Notably, the proportion of inner transactions with abroad associates was 25.3%, roughly twice as excessive as inner transactions between home associates (11.8%).
On Dec. 3, the Truthful Commerce Fee introduced an evaluation of the interior transaction standing of enterprise teams topic to disclosure in 2025.
The highest 10 conglomerates are Samsung, SK, Hyundai Motor, LG, Lotte, Hanwha, HD Hyundai, GS, Shinsegae, and Hanjin.
The overall inner transaction quantity of the highest 10 teams with controlling shareholders final yr was roughly 193 trillion received, accounting for 68.7% of the whole inner transaction quantity (281 trillion received) of all disclosure teams.
The quantity elevated by roughly 1 trillion received from 2023, marking a shift to an upward development for the primary time in about two years.
The highest 10 teams’ proportion of inner transactions amongst whole transaction quantities was 13.7%, which was 1.4 proportion factors increased than all disclosure teams (12.3%). Evaluating the current 10 years, this stage is 1-1.5 proportion factors increased than all disclosure teams.
Over the current 10 years, the teams that confirmed vital will increase in inner transaction proportions have been HD Hyundai and Hanwha. The teams that confirmed decreases have been LG and Lotte.
Over the current 5 years, there was a bent for increased inner transaction proportions when controlling household shareholding charges are excessive.
Final yr, the interior transaction proportion of affiliated firms the place controlling household shareholding charges have been 20% or increased was 10.9%, 14.5% for 30% or increased, 18.3% for 50% or increased, and 24.6% for 100%.
In teams the place second-generation controlling household shareholding charges have been 50% or increased, inner transaction proportions confirmed a marked improve from 2022 onwards.
The Truthful Commerce Fee defined that the rise in inner transactions amongst teams with controlling shareholders could possibly be associated to administration succession.
In the meantime, among the many 92 disclosure teams designated this yr, the interior transaction proportion between home associates final yr was 12.3%, with a complete inner transaction quantity of 281 trillion received.
The quantity elevated by roughly 3.3 trillion received from the earlier yr. The interior transaction proportion of all disclosure teams has maintained round 12% over the current 10 years.
Wanting on the five-year development, the interior transaction ratio of unlisted firms has risen. Their inner transaction proportion was 21.7% in 2024, which was 2.7 proportion factors increased than 2020 (18.7%). Final yr, the interior transaction proportion of unlisted firms was roughly 3 times increased than listed firms (7.4%).
Significantly, the interior transaction proportion with abroad associates was 22.6%, with an inner transaction quantity of 515 trillion received, which was 1.83 occasions increased than transactions between home associates.
The interior transaction proportion of home associates in teams with controlling shareholders with abroad associates was 25.3% (496 trillion received), greater than twice as excessive as the interior transaction proportion with home associates at 11.8% (232 trillion received).
Among the many 92 teams, Daebang Engineering & Building had the best inner transaction proportion at 32.9%. This was adopted by Joong Ang (28.3%), POSCO (27.5%), BS (25.9%), and Coupang (25.8%).
Nevertheless, when it comes to the rise in inner transaction proportions, Coupang ranked second highest at 3.6 proportion factors, following Bando Holdings (7.1 proportion factors).
A Truthful Commerce Fee official estimated that “Coupang has a excessive inner transaction proportion as a result of it has fashioned a vertical affiliate construction.”
