Top 100 Daegu Companies See 33% Drop in Operating Profit... IM Bank Ranks First in Sales, SL Second

Daegu Chamber of Commerce and Industry Conducts Survey and Analysis

The Daegu Chamber of Commerce and Industry (Chairperson Park Yoonkyung) announced on July 29 that it had recently conducted and analyzed a survey of the "Top 100 Companies in Daegu" based on individual sales figures for 2024.

According to the analysis, the total sales of the top 100 companies in Daegu amounted to 38.7872 trillion won, with a total of 40,069 employees. The average sales per company were 387.9 billion won, the average number of employees was 400.7, and the average years in business was 31.6 years.

Daegu Chamber of Commerce and Industry

By industry, manufacturing accounted for the largest share with 54 companies, followed by wholesale and retail (18 companies), construction (13 companies), and real estate (10 companies). Compared to last year, the number of wholesale and retail companies decreased by 3, and manufacturing companies decreased by 1, while the number of real estate companies increased by 4.

In addition, compared to the top 100 companies in 2023, total sales decreased by 4.9%, operating profit decreased by 33.0%, and net profit decreased by 35.6%, indicating a simultaneous decline in both sales and earnings.

The decline was particularly pronounced in the manufacturing sector. The total sales of manufacturing companies amounted to 20.8416 trillion won, a decrease of 10.5% (2.433 trillion won) compared to the previous year, which exceeded the overall decrease of the top 100 companies (1.9795 trillion won). Operating profit fell by 49.8%, and net profit decreased by 23.3%.

By company, IM Bank Co., Ltd. ranked first in sales, operating profit, and net profit, while SL Co., Ltd. ranked second in each category.

Lee Sanggil, Executive Vice Chairperson of the Daegu Chamber of Commerce and Industry, stated, "This survey shows that the performance of the region's top 100 companies has somewhat slowed. In the short term, it is necessary to boost the vitality of the regional economy through construction market stimulation. In the long term, we must build a sustainable industrial ecosystem by advancing the manufacturing sector and fostering new industries."

This survey targeted the top 100 companies headquartered in Daegu based on individual sales. Public enterprises, public institutions, and companies for which sales data could not be obtained due to the lack of disclosure requirements were excluded. The analysis was conducted based on data from the Financial Supervisory Service's electronic disclosure system and credit rating agencies for 2023 and 2024.

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