Data shows 2017 outbound shipments were dominated by top conglomerates
- 5 years ago
전체 기업 0.9%인 대기업, 작년 한국 수출액 3분의2 차지: 통계청
Recent data shows Korean exports recovered their momentum in 2017 after dipping slightly the previous year.
But the fruits of that success may not have been shared by all... as conglomerates dominated the country's outbound shipments.
Kim Ji-yeon breaks down the digits for us.
The wealth polarization among conglomerates and small-and-medium-sized companies has widened in terms of trade last year.
Data released by Statistics Korea and the Korea Customs Service on Thursday showed conglomerates or companies with assets of more than 9-billion U.S. dollars... made up less than one-percent of all 94-thousand exporting companies.
But those exporting giants took up more than 66-percent of Korean trade in 2017... with exports amounting to 380-point-3-billion dollars.
That's more than double that of SMEs... which had 101-point-4-billion dollars of exports in 2017, less than 18 percent of the total.
Medium-sized enterprises, or companies with more than 447-million dollars worth of assets, made up less than two-percent of all exporters... their outbound shipments amounted to 90-point-9-billion dollars.
By industry, more than 84-percent of exports came from the manufacturing sector... amounting to 482-point-2-billion dollars... with much of this coming from the semiconductor and petroleum refining industries... where conglomerates dominated.
More than 12-percent of exports came from the wholesale and retail sectors.
All in all, the amount of exports last year increased by nearly 16-percent from the previous year ... recovering to above the 500-billion dollar mark... to record 572-point-6-billion U.S. dollars in 2017.
By region, exports to Southeast Asian countries took up the lion's share of Korean exports in 2017 recording 149-billion dollars... outpacing exports to China for the first time.
Kim Ji-yeon, Arirang News.
Recent data shows Korean exports recovered their momentum in 2017 after dipping slightly the previous year.
But the fruits of that success may not have been shared by all... as conglomerates dominated the country's outbound shipments.
Kim Ji-yeon breaks down the digits for us.
The wealth polarization among conglomerates and small-and-medium-sized companies has widened in terms of trade last year.
Data released by Statistics Korea and the Korea Customs Service on Thursday showed conglomerates or companies with assets of more than 9-billion U.S. dollars... made up less than one-percent of all 94-thousand exporting companies.
But those exporting giants took up more than 66-percent of Korean trade in 2017... with exports amounting to 380-point-3-billion dollars.
That's more than double that of SMEs... which had 101-point-4-billion dollars of exports in 2017, less than 18 percent of the total.
Medium-sized enterprises, or companies with more than 447-million dollars worth of assets, made up less than two-percent of all exporters... their outbound shipments amounted to 90-point-9-billion dollars.
By industry, more than 84-percent of exports came from the manufacturing sector... amounting to 482-point-2-billion dollars... with much of this coming from the semiconductor and petroleum refining industries... where conglomerates dominated.
More than 12-percent of exports came from the wholesale and retail sectors.
All in all, the amount of exports last year increased by nearly 16-percent from the previous year ... recovering to above the 500-billion dollar mark... to record 572-point-6-billion U.S. dollars in 2017.
By region, exports to Southeast Asian countries took up the lion's share of Korean exports in 2017 recording 149-billion dollars... outpacing exports to China for the first time.
Kim Ji-yeon, Arirang News.