Seoul Credit Rating & Information Inc. Posts 142% Surge in Net Profit...Driven by Organizational and Operational Innovation

Seoul Credit Rating & Information Inc. announced on the 9th that, on a consolidated basis, its sales last year came to 41.3 billion won, operating profit to 6.8 billion won, and net profit to 6.5 billion won.

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Through a disclosure filed that day, Seoul Credit Rating & Information Inc. explained that its profitability had improved significantly, with operating profit up 31% and net profit up 142% year-on-year. The company attributed this to its shift to a profitability-focused management system, which included introducing a system of co-CEOs by business division to speed up decision-making, and expanding artificial intelligence (AI)-based work efficiency initiatives.

Seoul Credit Rating & Information Inc. plans to continue promoting company-wide AI-based work efficiency and to strengthen its operating structure around core businesses in order to enhance profitability and market competitiveness.

A Seoul Credit Rating & Information Inc. representative said, "This performance is the result of restructuring our management system and improving operational efficiency," adding, "We plan to continue strengthening the competitiveness of our core businesses, while also reviewing measures to enhance shareholder value in line with our improved results."

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