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S KOREAN CONGLOMERATES EXPAND BUSINESS LINES THROUGH M&AS.

AsiaPulse News

| June 02, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 2 Asia Pulse - South Korean business groups, which have spun off or sold off non-core businesses in the wake of the financial meltdown that hit the nation in late 1997, have increased their assets through mergers and acquisitions, a report showed Sunday.

The country's top 30 business conglomerates in terms of assets saw their combined assets increase 42.6 per cent to 918 trillion won (US$893 billion) over the past three years with their debts up 38 per cent to 556 trillion won, according to the report by Chaebul.com which provides data on the country's business conglomerates.

Their number of affiliates climbed 27 per cent or 179 to 843 over the cited period, the report ...

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