South Korean large companies' Q1 operating profit jumped 57.1% driven by IT sector, particularly semiconductor producers.
South Korean large companies' operating profit surged 57.1% in Q1 due to strong performance in IT sector, particularly semiconductor producers, per industry data. 334 companies out of top 500 in sales experienced an increase in combined operating profit, while revenue added 0.5%. The IT industry, including semiconductor makers, recorded an operating profit of 11.43 trillion won, reversing a loss from the previous year.
May 17, 2024
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