Most Popular
-
1
NewJeans to terminate contract with Ador
-
2
Korean Air gets European nod to become Northeast Asia’s largest airline
-
3
NewJeans terminates contract with Ador, embarks on new journey
-
4
Chaos unfolds as rare November snowstorm grips Korea for 2nd day
-
5
‘VCHA, Katseye and Dear Alice are not K-pop groups,’ industry experts say
-
6
Ador claims exclusive contracts with NewJeans still valid
-
7
Japan will pay for failing to honor promises, minister says
-
8
‘Green aurora’ is Seoul's color of 2025
-
9
Firefighter holds truck driver for 45 minutes to save him from falling off bridge
-
10
[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors
![[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050102_0.jpg&u=20241128174936)
![[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050102_0.jpg&u=20241128174936)
South Korean defense companies’ operating profits nose-dived last year due to a significant drop in exports and an increase in R&D costs, data showed.
According to the Korea Defense Industry Association, the combined operating profits of its 93 member companies amounted to 60.2 billion won ($53.06 million) in 2017, an 88 percent decrease from 503.3 billion won in 2016.
Revenue also dropped 13.9 percent to 12.761 trillion won, down 13.9 percent from a year earlier.
By Choi Ji-won (jwchoikr@heraldcorp.com)
