SEOUL, Aug. 14 (Yonhap) -- The antitrust regulator said Friday that the number of conglomerate-affiliated companies fell slightly from three months earlier, amid industrywide portfolio restructuring efforts.

The country's 102 conglomerates held 3,534 affiliates as of Aug. 3, down by four from 3,538 tallied three months earlier, according to the Fair Trade Commission (FTC).

Over the period, 79 companies were removed from the list due to mergers, separations and other rearrangements, while 75 were newly added.

SK Group cut seven companies under its wing, with DB removing 11 firms and Hyosung dropping six.

Hyosung, meanwhile, also added 11 companies, while GS Group gained nine new affiliates.

The FTC said large business groups have conducted portfolio restructuring to seek new business opportunities amid a transition in the overall industrial landscape.

Under South Korean law, conglomerates with assets of 5 trillion won (US$3.82 billion) or higher are obligated to disclose the status of their businesses, along with details of large-scale internal trade.

brk@yna.co.kr

(END)

  • BTS' V reveals hearing loss, Jungkook performs through shin injury on world tour
  • From 'BTS Boulevard' to U.S. governor's praise: BTS sweeps N. America on 'Arirang' tour
  • TWICE's Jeongyeon leaves JYP to pursue acting career
  • Gemini, BTS collaboration on display at Las Vegas Sphere

  • Pyeongtaek city fails to reach U.S. military via hotline over reported white phosphorus leak: official

  • BTS' V reveals hearing loss, Jungkook performs through shin injury on world tour

  • From 'BTS Boulevard' to U.S. governor's praise: BTS sweeps N. America on 'Arirang' tour
  • TWICE's Jeongyeon leaves JYP to pursue acting career
  • Pyeongtaek city fails to reach U.S. military via hotline over reported white phosphorus leak: official

  • (LEAD) Pyeongtaek city fails to reach U.S. military via hotline over reported white phosphorus leak: official

  • BTS' V reveals hearing loss, Jungkook performs through shin injury on world tour

  • (2nd LD) Gov't aims to supply over 230,000 additional homes in Seoul metropolitan area to tame housing prices
  • N. Korea again skips missile launch report
  • S. Korea vows to ease regulations to support 3 megaprojects
  • Bill Gates in S. Korea to discuss cooperation in next-generation nuclear reactors