Samsung, Hyundai dominate net profits of South Korean companies
Seoul - Yonhap
Samsung Electronics Co., the world's top smartphone maker, and two other South Korean companies accounted for nearly a third of combined net profits of local firms last year, data showed Monday, in the latest sign of concentration of wealth in a few conglomerates in Asia's fourth-largest economy. The other two companies are Hyundai Motor Co. and its smaller sister company Kia Motors Corp., the two major flagship units of Hyundai Motor Group, the world's fifth-largest carmaker.
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