Auto firms make 50 won for every 1,000 won sold in 2015
TransportAug 17, 2016
The operating profit of automakers and their vendors in South Korea came in at a disappointing level last year with each firm making only about $0.05 for every $1 in sales, industry data showed Wednesday.According to the data compiled by a local research institute, combined sales of 1,079 South Korean auto companies, including auto parts makers, came to about 234.8 trillion won ($213.96 billion) in 2015.Their combined operating profit came to some 12.18 trillion won, less than 5.2 percent of the