이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korean trading houses loses payroll by 30 percent over last three yrs
- Collected
- 2017.01.31
- Distributed
- 2017.02.01
- Source
- Go Direct
According to industry sources and disclosure statements, South Korea’s four major trading companies - SK Networks, Posco Daewoo, LG International and Samsung C&T - had 5,365 employees on their payroll as of September last year, compared with 7,688 in 2013.
Trading house ventured into food and other fields to compensate for losses in the external market, but few had been successful so far, said industry sources.
SK Networks is estimated to have posted 18.8 trillion won ($ 16.1 billion) in sales and 154.4 billion won in operating profit last year, down 7.8 percent and 19.4 percent respectively, according to industry sources. It had been aggressive in non-trading fields by venturing into car-life business and the Middle East market and acquiring Tongyang Magic, but so far failed to generate profit from the new sector.
Posco Daewoo’s operating profit was shaved by 13.7 percent on year to 318.1 billion won, of which 88 percent was generated by Myanmar gas fields alone.
The trading division of Samsung C&T Corporation registered 70 billion won in operating profit last year, down 13.6 percent from 81 billion won in the previous year.
The companies plan to further expand non-trading segment to fuel growth. SK Networks aims to strengthen car rental market and businesses in the Middle East and Posco Daewoo its food division. LG International pins hope on its expansion in logistics through PANTOS Logistics and newly acquired Hi Logistics and will explore coal mining business.
By Kang Young-woon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]