Most Popular
-
1
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
2
'Culinary Class Wars' producers deny trying to spice up results
-
3
Ex-president's daughter investigated for drunk driving accident
-
4
Seoulites celebrate coexistence at Wellness Seoul 2024
-
5
Netflix, streaming platforms come under fire for loose ratings
-
6
S. Korea, Singapore seal supply chain agreement
-
7
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
8
20 minors registered as CEOs making over 100 million won
-
9
Yoon honors veterans of Korean War in trip to Philippines
-
10
K-pop CEOs sidestep key issues at National Assembly audit
Korean SMEs expect lower or unchanged sales in 2014: poll
By Korea HeraldPublished : Oct. 8, 2014 - 20:50
South Korean small and medium enterprises expect this year’s sales to remain unchanged or dip compared to 2013, a poll conducted by the lobbying group for large conglomerates showed Wednesday.
The survey, carried out on 690 companies in September by the Federation of Korean Industries, revealed that 36.5 percent of the 326 respondents predict sales figures will be on par with last year, with 34.1 percent anticipating lower sales.
Of the companies asked, only 29.4 percent of SMEs expected sales to go up for the overall year.
“The fact that 7 out of 10 companies do not expect improvements in sales is a sign that weak consumer demand and unfavorable exchange rates are exerting adverse impact on the business climate,” the FKI said.
In particular, SMEs were slightly more pessimistic about prospects for the second half vis-a-vis the January-June period.
The survey showed 32.8 percent of companies bracing for a dip in sales through the end of the year versus 31.6 percent of SMEs that expect some improvements. (Yonhap)
The survey, carried out on 690 companies in September by the Federation of Korean Industries, revealed that 36.5 percent of the 326 respondents predict sales figures will be on par with last year, with 34.1 percent anticipating lower sales.
Of the companies asked, only 29.4 percent of SMEs expected sales to go up for the overall year.
“The fact that 7 out of 10 companies do not expect improvements in sales is a sign that weak consumer demand and unfavorable exchange rates are exerting adverse impact on the business climate,” the FKI said.
In particular, SMEs were slightly more pessimistic about prospects for the second half vis-a-vis the January-June period.
The survey showed 32.8 percent of companies bracing for a dip in sales through the end of the year versus 31.6 percent of SMEs that expect some improvements. (Yonhap)
-
Articles by Korea Herald
