SEOUL, Dec. 20 (Korea Bizwire) — More than 200 big South Korean companies have invested in 10 other firms or funds on average as part of their efforts to secure technology and expand their businesses, a market tracker said Wednesday.
The data compiled by CEO Score, a website that tracks conglomerates and financial firms, showed that 208 major companies hold stakes in 2,144 firms or funds.
Naver, the operator of South Korea’s top Internet portal, topped the list with investments in 58 South Korean firms, 11 foreign firms and 44 funds. Naver’s investments are focused on firms that handle such technologies as artificial intelligence.
Naver is followed by South Korea’s top steelmaker POSCO, which invested in 76 firms or funds, according to CEO Score.
KT Corp., South Korea’s biggest fixed-line Internet operator, and Samsung Electronics Co. came in at third and fourth place, respectively. KT invested in 60 firms or funds and Samsung invested in 53 firms or funds, the latest findings showed.