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South Korea.. Corporate sales declined for the first time since 2020

South Korea.. Corporate sales declined for the first time since 2020

According to the report, which was reported by the South Korean Yonhap News Agency, sales of 814 non-financial companies increased by 6.7 percent, on an annual basis in the first half.

This is mainly due to an increase Corporate sales The 194 exporting companies declined by 13.6 percent, while the sales of the remaining 620 local companies declined by 1.9 percent, recording their first decline since 2020.

And based on standards Central Bank of KoreaThe Federation of Korean Industries classified Companies Those whose exports represent more than 50 percent of their sales are considered exporting companies, and companies whose exports do not exceed 50 percent of their sales are considered local companies.

Sales of exporting companies increased by 13.6 percent year-on-year in the first half, but if Samsung Electronics, which is the largest in terms of size, is excluded, the increase becomes only 5.9 percent.

Investment decreased Companies By 8.3 percent on an annual basis in the first half of this year for the first time since 2020, according to the official agency.



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