[2020 National Audit] Eo Gi-gu: "Suhyup Bada Mart, 10.5 Billion KRW Operating Loss in the Last 5 Years"

[Asia Economy Reporter Kwangho Lee] The operating performance of Suhyup Bada Mart shows no signs of improvement. On the other hand, the sales volume of imported seafood has been increasing every year.

According to the 'Bada Mart Net Profit and Loss Status' data submitted by the National Federation of Fisheries Cooperatives to Assemblyman Eo Gi-gu of the Democratic Party, a member of the National Assembly's Agriculture, Forestry, Livestock, Food, and Maritime Affairs Committee, Bada Mart recorded losses every year in the past five years except for 2018.

Suhyup Distribution's Bada Mart showed continuous operating losses of 1.323 billion KRW in 2015, 2.851 billion KRW in 2016, and 3.46 billion KRW in 2017, but turned a profit with an operating income of 187 million KRW in 2018. However, in 2019, it reverted to a loss with an operating deficit of 3.142 billion KRW within one year.

The cumulative operating loss over the past five years reached 10.589 billion KRW.

In particular, in 2019, losses occurred in 7 stores, accounting for 43.8% of the 16 stores. The proportion of loss-making stores compared to the total stores decreased from 66.7% in 2016 to 33.3% in 2018 but rose again to 43.8% in 2019, increasing by about 10 percentage points compared to the previous year.

Also, the number of Bada Mart stores has been decreasing: 24 stores in 2015, 24 in 2016, 22 in 2017, 18 in 2018, and 16 in 2019.

Meanwhile, according to the sales status data of imported seafood at Bada Mart, the sales ratio of imported seafood increased about 2.7 times from 2.4% in 2015 to 6.4% in 2019. In terms of amount, it increased by 73.2% compared to 2015, reaching 1.136 billion KRW.

Assemblyman Eo said, "Suhyup's Bada Mart is increasing the proportion of imported seafood sales in a rush to boost sales," and emphasized, "It should faithfully pursue the purpose of the Bada Mart business by preparing measures to turn a profit through expanding sales channels to promote the consumption of domestic seafood."

This content was produced with the assistance of AI translation services.