S. Korean firms' income doubled despite the pandemic in 2021
Updated: 2022-06-22 14:41:46 KST
South Korea's top firms last year saw their biggest earning gains in 20 years.
Corporate tracker Korea CXO Institute reported on Wednesday that the total net income of the country's thousand leading companies stood at around 98 billion U.S. dollars,… doubling from a year earlier.
Their operating income surged 55 percent on-year to some 112 billion dollars.
21 companies registered a net income of one trillion won or around 760-million dollars or more last year, up from 13 in 2020.
The institute attributed the rise to the base effect as the firms began to recover from the pandemic in 2021.
Samsung Electronics ranked first logging a record operating profit last year.