Half of the nation’s top 30 business groups saw a change in their rankings in terms of assets last year.
CEO Score, a Web site that evaluates the business performance of firms, revealed the finding on Wednesday after studying the 2016 third quarter assets of business groups.
In particular, Shinsegae entered the top ten ranks for the first time while Hanjin was pushed out.
The assets of one-thousand-183 affiliates of the top 30 business groups amounted to one-point-six quadrillion won. Compared to a year ago, the number of affiliates rose by 13 and the value of assets by nearly 18 trillion won.
Conglomerates in the top nine spots remained unchanged. Samsung Group topped the list with its 59 affiliates estimated to possess assets worth nearly 351 trillion won.
Hyundai Motor Group, which has 51 affiliates, came in second. SK ranked third followed by LG, Lotte, POSCO, GS, Hanwha and Hyundai Heavy Industries.