There are four consortia in Korea. The first consortium is Samsung, which everyone is familiar with. As the largest consortium in Korea, it has more than 70 affiliated companies, and Samsung has more than 20 products with the highest market share in the world. At present, it owns Samsung Electronics (No.12), Samsung Life Insurance (No.42 1) and Samsung Products (No.. ) three Fortune 500 companies, it can be said that Koreans can't live without Samsung from birth to death.

Samsung logo

In addition to Samsung, there are Hyundai Consortium, LG Consortium and SK Consortium, which are also called the four major consortiums in Korea.

In 20 18, South Korea's GDP was $65,438 +0.66 trillion, of which the operating income of Samsung Electronics reached $265,438+01900 million, and one enterprise accounted for 12% of the country. If four consortia are added, the total income will exceed half of the country. Although these four consortia account for half of South Korea's economy, they all focus on industry, especially manufacturing.

Let's look at three major businesses: energy and chemical industry, information and communication, logistics and finance. From 2065438 to 2008, it ranked 84th among the top 500 companies in the world, with a revenue of $83.5 billion.

Saskatchewan

Ruixing Venus, also known as Lexi Venus, is mainly engaged in three industries: electronic information and communication, household appliances and chemistry. It owns two Fortune 500 companies, namely LG Electronics (ranked 178) and LG Display (ranked 483rd).

Hyundai Consortium is now divided into four independent groups, namely Hyundai Consortium, Hyundai Motor, Hyundai Heavy Industry and Hyundai Department Store. Among them, Hyundai Motor, as the most powerful enterprise in the former Hyundai consortium, owns three Fortune 500 companies, including Hyundai Motor (No.78) and Kia Motors (No.219).

A Level Gauge.

There are 10 Fortune 500 companies under the four consortia, each of which has 2-3 Fortune 500 companies, so the strong will always be strong. These big companies use their respective advantages to constantly explore new business areas and gradually monopolize most economic fields in South Korea. In the past, these companies have made great contributions to the economic development of South Korea.