Overall operating profits of Korean businesses last year dropped for first time in 6 years

Overall operating profits of Korean businesses last year dropped for first time in 6 years


for 2018 the overall operating profits
of Korean businesses fell for the first time in six years according to
statistics Korea small and mid-sized firms were the hardest hit with a 14%
drop in operating profits conglomerates on the other hand saw profits rise by
almost three percent the agency pointed to the price rise of crude oil as the
main driving factor the spike especially hurt companies in the gas and
electricity industries

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