More than 12 percent of business deals among large conglomerates in South Korea were so-called intra-group transactions taking place among their affiliates, government data showed Thursday.
According to the data from the Fair Trade Commission, intra-group transactions accounted for 12.46 percent of business deals carried out by 47 major conglomerates. The deals were worth some 181.5 trillion won (US$177.5 billion).