Korea's KOSPI-listed companies enjoyed a record-breaking performance last year in terms of both operating profit and net profit. Even their sales that have been on a downward trend since 2013 took an upturn last year, indicating that they are escaping from the "recession-type surplus" trap.
According to the Korea Stock Exchange and the Korea Listed Companies Association on April 3, the combined operating profit of the nation's 533 KOSPI-listed companies which submitted their consolidated financial statements for last year, totaled 121 trillion won, up 15.02 percent from a year ago. Their combined net profit also rose 12.61 percent to 80 trillion won.
Since it became mandatory for listed companies to issue consolidated financial statements in 2011, last year's figures marked the highest results in terms of both operating and net profit. Their combined sales also grew 0.8 percent year on year to 1,646 trillion won.
Key factors behind the strong improvement in their performance include the bullish export trend resulting from the U.S.-led recovery of the global economy.