Hyosung Corp Records Net Loss in 2023

Seoul - Hyosung Corp. reported a net loss of 438 million won (US$327,918) for the year 2023, marking a downturn from the previous year's profit of 24.8 billion won. The company released these figures in a regulatory filing on Monday.

According to Yonhap News Agency, Despite the net loss, Hyosung Corp's operating profit saw an increase of 45.4 percent year-on-year, amounting to 94.4 billion won. However, the company's annual sales experienced a decrease of 7.6 percent, falling to 3.43 trillion won.

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