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  • Sales of top 10,000 firms hit over 1,900 tln won in 2015
    Sales of top 10,000 firms hit over 1,900 tln won in 2015
    Sales of South Korea's top 10,000 companies exceeded the 1,900 trillion-won ($1.71 trillion) mark in 2015, with the top 4 percent accounting for more than 70 percent of the total, data showed Tuesday.According to the data by the Korea 20000 Corporate Research Institute, the combined revenue of the firms that close their books on Dec. 31 reached 1,910 trillion won last year.A total of 219 corporations posted sales of ...
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Sales of top 10,000 firms hit over 1,900 tln won in 2015

Oct. 11, 2016 - 09:41 By 임정요
Sales of South Korea's top 10,000 companies exceeded the 1,900 trillion-won ($1.71 trillion) mark in 2015, with the top 4 percent accounting for more than 70 percent of the total, data showed Tuesday.

According to the data by the Korea 20000 Corporate Research Institute, the combined revenue of the firms that close their books on Dec. 31 reached 1,910 trillion won last year.

A total of 219 corporations posted sales of 1 trillion won or more, with the largest number of 4,802 firms registering sales in the range of 10 billion won to 50 billion won.

The top 4.2 percent, or 417 businesses, accounted for 73.4 percent of the total. Of the companies with sales of 1 trillion won or more, 107 were headquartered in Seoul.

Tech titan Samsung Electronics was the top revenue earner with 135 trillion won, which took up slightly over 7 percent of the total sales.

Samsung Electronics and 11 other companies reported sales of 1 trillion won or more. Revenue of the state-run Korea Electric Power Corp. took up 3.1 percent of the total, followed by top carmaker Hyundai Motor Co. with 2.3 percent, No. 2 automaker Kia Motors Corp. with 1.7 percent and LG Electronics Inc. with 1.5 percent.

SK Group had the largest number of 19 subsidiaries with sales of 1 trillion won or more, followed by Samsung with 14. Hyundai Motor, LG and Lotte groups came next with 13 each.

Companies in the electronics industry chalked up 318 trillion won in combined sales, or 16.7 percent of the total, trailed by energy firms with 16.1 percent, automakers with 12.6 percent, trading and distribution companies with 11.3 percent, and builders with 8.5 percent, according to the data.

"The electronics, energy, automaking, trading and distribution, and construction industries account for more than 65 percent of the total, pointing to the country's high dependence on the five key sectors," said Oh Il-sun, head of the institute. "More efforts should be made to find next-generation industries, such as bio, pharmaceuticals, robotics, space and aviation, software and heath care." (Yonhap)

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