April 19, 2024
Economy
Korean firms’ revenue grow 23% in 2015
[THE INVESTOR] Total sales of Korean firms expanded 22.6 percent in 2015 from five years earlier, government data showed on June 23.
The combined sales from 3.87 million companies checked reached 5,311 trillion won (US$4.66 trillion) in 2015, up from 4,332 trillion won tallied in 2010, according to the data compiled by Statistics Korea.
It is based on a business census covering all businesses and enterprises in Korea that was carried out June through July of 2016.
The real estate sector saw revenue soar 65.5 percent over the five-year period on the back of a boom in the property market, while sales in the health care and social welfare sectors vaulted 56.3 percent.
The manufacturing sector posted 1,694 trillion won in sales in 2015, accounting for 31.9 percent of total sales.
But their operating profit fell 3.2 percent to 349 trillion won over the same period, with the operating profit ratio dropping 1.7 percentage points to 6.6 percent in 2015, the findings showed.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The combined sales from 3.87 million companies checked reached 5,311 trillion won (US$4.66 trillion) in 2015, up from 4,332 trillion won tallied in 2010, according to the data compiled by Statistics Korea.
It is based on a business census covering all businesses and enterprises in Korea that was carried out June through July of 2016.
The real estate sector saw revenue soar 65.5 percent over the five-year period on the back of a boom in the property market, while sales in the health care and social welfare sectors vaulted 56.3 percent.
The manufacturing sector posted 1,694 trillion won in sales in 2015, accounting for 31.9 percent of total sales.
But their operating profit fell 3.2 percent to 349 trillion won over the same period, with the operating profit ratio dropping 1.7 percentage points to 6.6 percent in 2015, the findings showed.
By Alex Lee and newswires (alexlee@heraldcorp.com)
