Home

The Korea Herald

Latest news

Most Popular

  1. 1

    IMF lowers Korea's 2025 growth outlook to 2%

    IMF lowers Korea's 2025 growth outlook to 2%
  2. 2

    Labor Ministry dismisses Hanni harassment case

    Labor Ministry dismisses Hanni harassment case
  3. 3

    North Korean troops fighting alongside Russia, NIS confirms

    North Korean troops fighting alongside Russia, NIS confirms
  4. 4

    Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption

    Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption
  5. 5

    [Herald Interview] How Gopizza got big in India

    [Herald Interview] How Gopizza got big in India
  1. 6

    Japan to hold 1st memorial for Korean forced labor victims at Sado mine

    Japan to hold 1st memorial for Korean forced labor victims at Sado mine
  2. 7

    Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits

    Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits
  3. 8

    [KH Explains] Dissecting Hyundai Motor's lobbying in US

    [KH Explains] Dissecting Hyundai Motor's lobbying in US
  4. 9

    [Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey

    [Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey
  5. 10

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
지나쌤

[Monitor] Fewer South Korean companies make it into ‘1 trillion won club’

By Korea Herald

Published : Dec. 13, 2018 - 15:24

    • Link copied


While the number of South Korean companies with at least 1 trillion won in annual revenue has increased 2.5-fold in the 20 years since the financial crisis, the number has decreased in recent years, a report by local market research firm Korea CXO Institute showed.

Based on annual performance figures, 187 firms were part of the so-called “1 trillion won club” in 2017, down from 192 in 2012.

With the combined revenue of the nation’s top conglomerates also declining, the report said, these figures highlight the need to reconsider the economy’s growth engines.

By The Korea Herald (khnews@heraldcorp.com)

More from Headlines