Operating profits down 32.4% y/y in Q1 among 59 large business groups in Korea: Data
- 5 years ago
Operating profits and investment at Korea's biggest companies... were down around 30 percent in the first quarter this year.
According to corporate tracker CEO Score, the combined operating profits of 59 business groups came to around 20-point-5 billion U.S. dollars.
That's down 32-point-4 percent on-year.
Investment also fell by more than 30 percent.
As for why, analysts say it was weak sales of semiconductors by Samsung and SK hynix.
On a brighter note, employment increased slightly... mainly thanks to the government's job policies.
According to corporate tracker CEO Score, the combined operating profits of 59 business groups came to around 20-point-5 billion U.S. dollars.
That's down 32-point-4 percent on-year.
Investment also fell by more than 30 percent.
As for why, analysts say it was weak sales of semiconductors by Samsung and SK hynix.
On a brighter note, employment increased slightly... mainly thanks to the government's job policies.