Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65%
Some 306 affiliates of four conglomerates - Samsung, SK, Hyundai Motor and LG - posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Institute, a corporate data firm.
The group's 59 affiliates suffered a whopping 93 per cent drop in operating income at 2.83 trillion won last year from 38.74 trillion won a year ago. Image source | Pixabay