Published on: Monday, January 8, 2024 – 5:29 AM | Last updated: Monday, January 8, 2024 – 5:29 AM
A market report on South Korea released on Monday showed that the country’s listed companies are likely to see their total operating profits decline by 16% year-on-year in 2023, due to a decline in external demand for chips.
The South Korean Yonhap News Agency quoted estimates from the South Korean financial services company FN Guide that the total operating income of 247 listed companies was estimated at 297.9 trillion won (226 billion US dollars) last year, compared to 356.2 trillion won in 2022.
Meanwhile, the combined operating income of the 253 listed companies is expected to jump 58 percent year on year to reach 468.8 trillion won in 2024 on the back of a recovery in the chip and rechargeable battery sectors.
2024-01-08 03:30:38
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