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2023 South Korea corporate revenue fell 2.0% due to lower global demand, impacting manufacturers and non-manufacturers.
2023 South Korea corporate revenue fell 2.0% due to lower global demand, according to Bank of Korea data.
Manufacturers' sales dropped 2.7% mainly due to weaker semiconductor demand and lower oil product prices, while non-manufacturers saw a 1.2% decline.
Operating profitability worsened, with the operating profit to revenue ratio at 3.8%.
Local companies' debt-to-equity ratio decreased to 102.6% from 105% the previous year.
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En 2023, los ingresos corporativos de Corea del Sur cayeron un 2,0 % debido a la menor demanda global, lo que afectó a los fabricantes y no fabricantes.