As of 2023, stock grant agreements to CEOs, relatives, and executives in publicly disclosed business groups increased by 66% compared to last year. Notably, Samsung converted executive incentives from cash to stocks and signed 317 stock grant agreements. On the other hand, circular shareholding decreased significantly from 1,435 to 233 cases, while cross-shareholdings slightly increased. The average direct ownership ratio of CEOs' families was 3.5%, but the internal ownership ratio within the entire business group was 61.4%, a gap of 58 percentage points, raising concerns about the separation of ownership and control. Cases were also confirmed where domestic subsidiaries directly or indirectly invest in overseas subsidiaries.
