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GS Holdings logs biggest per-capita income in 2015

All Headlines 09:13 April 14, 2016

SEOUL, April 14 (Yonhap) -- GS Holdings Corp., the holding company of South Korean conglomerate GS Group, posted the largest per-capita operating income among the country's large businesses, retaining the title for a second year, data showed Thursday.

GS Holdings' operating income per employee averaged 5.56 billion won (US$4.85 million) last year, the biggest among 274 subsidiaries of the nation's top 30 business groups, according to the data by financial information provider FnGuide.

The figure, however, was down from the per-capita operating income of 8.45 billion won the previous year.

Last year, GS Holdings, with only 26 employees, chalked up 144.4 billion won in operating profit. The company has GS Energy Corp., GS Retail Co., GS Engineering & Construction Corp. and other GS firms under its wing.

GS Holdings was followed by Hite Jiro Holdings Co. with 5.11 billion won and LG Corp. with 3.53 billion won.

In contrast, Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, registered the largest per-capita operating loss of 230 million won in 2015.

The embattled shipyard racked up an operating loss of some 5.5 trillion won last year due to increased costs from a delay in the construction of offshore facilities and order cancellations amid a prolonged slump in the global shipbuilding sector.

The data also showed resources developer POSCO Daewoo Corp., formerly Daewoo International Corp., flagged the biggest per-capita revenue of 16.45 billion won last year. Sales of POSCO Daewoo with a workforce of 1,026 stood at 16.88 trillion won.
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