Steel and Oil Industries Take Flight... Shipbuilding Industry Sinks

[Analysis by Im Hee-jin]

Analysis of 97 Listed Companies in the Top 10 Groups Last Year

POSCO Group Achieves Highest Revenue Growth

SK Bio's Operating Profit Soars 1157%

Hyundai Heavy Industries Posts Operating Loss of 900 Billion KRW

[Asia Economy Reporter Park So-yeon] Last year, major conglomerates in heavy industries such as steel and oil refining showed a clear trend of performance growth.

On the 1st, Asia Economy analyzed the business reports of 97 listed companies from the top 10 groups and found that consolidated total revenue reached 1,528 trillion KRW, and operating profit was 137.3 trillion KRW, marking increases of 20.9% and 91% respectively compared to the previous year. Net profit rose by 136.1% to 110.2 trillion KRW.

Based on revenue growth rate, the conglomerate with the largest increase was POSCO Group. POSCO Group recorded total sales of 114.8 trillion KRW from six listed affiliates last year, expanding its scale by approximately 38.4% compared to the previous year.

This was due to the global economy gradually recovering from the 'Corona Shock,' which revived steel demand and led to product price increases.

Following were LG Group (215 trillion KRW) and SK Group (240 trillion KRW), whose revenues grew by 29.9% and 26% respectively year-on-year, showing strong progress. Hyundai Heavy Industries Group also achieved sales of 65.1 trillion KRW, a 21.7% increase compared to the previous year.

In terms of absolute amounts, Samsung Group (376 trillion KRW) and Hyundai Motor Group (307 trillion KRW) showed stable growth of 17.5% and 16.1% respectively despite last year's economic uncertainties and semiconductor supply shortages.

Regarding operating profit, SK Group showed the largest increase.

SK Group recorded an operating profit of 22.7 trillion KRW last year, a 375.2% increase compared to the previous year. Affiliates in the bio and chemical sectors showed sharp growth. SK Bioscience's operating profit surged to 474.2 billion KRW, an explosive growth of 1157.5% year-on-year.

SK Chemicals also posted an operating profit of 555.2 billion KRW, up 257.4% from the previous year, driving the performance. On the other hand, Hyundai Heavy Industries Group saw a significant increase in losses. It recorded an operating loss of 900 billion KRW last year, a 4223.5% increase in operating deficit compared to the previous year.

In terms of net profit, GS Group stood out with a 930% increase compared to the previous year.

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