Top 5 Companies Account for Half of Q2 Exports... Exceeding Total of Top 100 Companies Last Year

[Economy 365]

South Korea's top five companies accounted for more than half of the country's total exports in the second quarter of this year.

According to the Korean Statistical Information Service, the exports of the top five companies reached $138.21 billion in the second quarter.

This accounts for 50.2% of the total export value of $275.51 billion.

This is the first time since relevant statistics began in 2015 that the export share of the top five companies has exceeded 50%.

The export value of these companies increased by 157% compared to the same period last year.

The export increase for the top five companies was $84.43 billion, accounting for 84.1% of the total export increase.

In the second quarter of this year, the export value of the top five companies was more than $22.1 billion higher than the total export value of the top 100 companies during the same period last year.

On the other hand, the growth rate for companies ranked 6th to 10th in exports stood at a mere 5.8%, highlighting an intensifying concentration of exports toward the very top corporations.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.