Seoul, march 26 The combined operating profit of South Korea's top 500 businesses surged sixty-six percent from a year in advance in 2024, pushed in large part by a rebound inside the international semiconductor market, a file confirmed on Wednesday.
In keeping with the file from the company tracker CEO score, the entire running earnings of the top 500 firms reached 183.7 trillion received ($125.3 billion) in 2024, up from 110.6 trillion received the preceding 12 months, reports Yonhap news Agency.
The businesses' blended annual sales rose 5.8 percent to 2,523 trillion won from 2,384 trillion gained in 2023. Internet earnings jumped seventy-four point five percent over the identical length.
The sharp rise in operating earnings changed into a lead specifically with the aid of the strong overall performance from chipmakers SK Hynix Inc. and samsung Electronics Co. amid strong demand for artificial intelligence (AI) reminiscence products.
SK hynix recorded the most important increase, swinging to a working earnings of 23.5 trillion won from a 7.7 trillion-received loss in 2023, marking an advantage of over 31.2 trillion gained.
The business enterprise benefited from soaring demand for excessive bandwidth reminiscence (HBM), a key issue for AI semiconductors.
Samsung Electronics posted the second-biggest increase, with its operating earnings rising to 26.2 trillion won at the beginning of advanced business conditions in the area, in step with the CEO rating.
Different predominant contributors to the mixed running income boom protected Korea Electric Energy Corp., whose earnings expanded by means of 12.9 trillion won, accompanied by HMM Co. with a 2.9 trillion-won rise, lg Display Co. with 1.9 trillion won, and Korea Gas Corp. with 1.5 trillion won gained.
Meanwhile, South Korea's commercial enterprise sentiment stays pessimistic for april, a poll confirmed on Wednesday, amid growing uncertainties related to global change.
The enterprise survey index (BSI) of the united states of America's top six hundred organizations with the aid of sales stood at 88 for the subsequent month, in keeping with the monthly ballot by way of the Federation of Korean industries (FKI).
Analyzing under 100 ways, pessimists outnumber optimists, while a parent above the benchmark means the alternative. The index has remained below one hundred for 37 consecutive months since april 2022.
The BSI for the producing area got here to 92 for april, while the index for non-manufacturing was recorded at 84.2.