Top 30 groups suffer sales drop, higher costs over 6 years
Aug 24, 2017
South Korea's top 30 conglomerates have seen their sales growth and profitability worsen over the past six years amid increased costs, a report showed Thursday.Per capita sales of 164 listed companies belonging to the leading business groups fell at an annual average rate of 1.8 percent between 2011 and 2016, with the amount reaching 957 million won ($848,000) last year, according to the report from the Korea Economic Research Institute.Per capita operating profit of the companies also declined