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[Monitor] Major firms see overseas sales increase despite pandemic

Overseas sales made by top 100 firms by revenue

By Korea Herald

Published : Nov. 26, 2020 - 11:00

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The top 100 companies in South Korea saw their overseas sales inch up in the third quarter this year despite the ongoing COVID-19 pandemic, data from the Federation of Korean Industries showed Tuesday.

According to the data, the companies marked a combined 181.9 trillion won ($164 billion) in revenue from their overseas operations, up 1.6 percent from a year ago. Compared to the second quarter, it is an increase by 24.1 percent.

The increase came from a rise in demand from major exporting countries such as the United States and China, which have eased COVID-19 restrictions and adopted stimulus measures, the FKI said.

Overseas sales surged for electric and electronics firms, while those for automakers, steel, energy and chemical firms dropped. 

(khnews@heraldcorp.com)

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