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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Corporate revenue rises 22% in 2015

  • PUBLISHED :December 21, 2016 - 15:25
  • UPDATED :December 21, 2016 - 15:25
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[THE INVESTOR] The revenue of South Korean companies in total rose 22.4 percent to top 5,000 trillion won (US$4.18 trillion) last year from five years earlier, government data showed on Dec. 21.

There were 3.88 million firms doing business in the country in 2015, up 15.5 percent, or 520,000, from five years earlier, according to the data compiled by Statistics Korea.

Their sales went up to a combined 5,303 trillion won over the five-year period, with every sector logging positive growth.

Annual revenues have grown 4.1 percent in the past five years, higher than the country’s growth of between 2.3 and 6.5 percent.

The manufacturing sector’s sales advanced 16.9 percent to 1,711.5 trillion won last year, accounting for 32.3 percent of all sales, followed by wholesalers and retailers with 1,104.8 trillion won in sales.

Firms in the real estate sector saw their sales soar 65.7 percent to 106.5 trillion won last year amid the government-led boom in the housing market, while sales of facility management businesses and public health firms surged 60.4 percent and 55.4 percent, respectively.

The average sales per company climbed 6 percent to 1.37 billion won from 1.29 billion tallied in 2010, the data showed.

(theinvestor@heraldcorp.com)

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