Top 100 firms' Q1 overseas sales fall 10 pct amid virus
SEOUL, June 9 (Yonhap) -- South Korea's top 100 companies posted a 10 percent on-quarter decline in their overseas earnings in the January-March period due to the new coronavirus impact on industries, an industry association said Tuesday.
The 100 biggest companies in terms of sales reported their combined overseas sales fell to 170.42 trillion won in the first quarter from 190.17 trillion won in the fourth quarter, the Federation of Korean Industries (FKI) said in a statement.
Companies hit hard by the COVID-19 pandemic include Samsung Electronics Co., LG Electronics Co., SK hynix Inc., Hyundai Motor Co. and Hyundai Mobis Co., it said.
The FKI forecast the 100 firms' sales will decline by another 10 percent in the second quarter on lower demand from the United States, Europe and China amid extended virus woes.
(END)
-
(URGENT) Russian, Chinese warplanes enter S. Korea's air defense zone without notice: JCS
-
BTS to meet Biden at White House to discuss anti-Asian hate crimes
-
Premier League Golden Boot winner Son Heung-min receives hero's welcome home
-
Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
Hyundai Motor to invest US$5 bln in U.S. for robotics, autonomous driving development
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(LEAD) Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
With historic Golden Boot, Son Heung-min cements case as greatest S. Korean footballer ever
-
(URGENT) Russian, Chinese warplanes enter S. Korea's air defense zone without notice: JCS
-
BTS to meet Biden at White House to discuss anti-Asian hate crimes
-
(LEAD) Supreme Court rules against peak wage system
-
S. Korean volunteer fighter in Ukraine returning home
-
'The Roundup' becomes most-watched Korean film in pandemic era
-
(LEAD) Yoon picks women for last remaining 2 Cabinet ministers