Korea Gas Reports Annual Net Loss for 2023

Daegu - Korea Gas Corp. revealed on Tuesday a net loss of 747.4 billion won ($561.6 million) for the year 2023, a stark reversal from the 1.49 trillion won profit recorded in the previous year. The company, in a regulatory filing, detailed a 36.9 percent decrease in operating income to 1.55 trillion won, alongside a 13.9 percent drop in annual sales to 44.55 trillion won.

According to Yonhap News Agency, this financial downturn reflects significant operational challenges faced by Korea Gas Corp. over the year, marking a substantial shift from its prior profitability.

scroll to top