General

Hyosung swings to loss in 2023


SEOUL, Hyosung Corp. on Monday reported a 2023 net loss of 438 million won (US$327,918), swinging from a profit of 24.8 billion won a year earlier.

The company said in a regulatory filing that operating profit for the year rose 45.4 percent on-year to 94.4 billion won. Annual sales decreased 7.6 percent to 3.43 trillion won.

Source: Yonhap News Agency