S. Korean companies operating in China see sales drop 13.1% in 2022 from 2016: CEO Score

배터리•반도체 빼면 한한령 이후 대기업 中법인 매출 40% 급감 South Korean companies operating in sales drop over the last six years since Beijing’s ban on South Korean cultural content. Figures released by business tracker CEO Score shows that the total combined sales of 1-hundred-13 major South Korean companies doing business in China came to around 85 billion U.S. dollars in 2022. That’s a drop of 13-point-1 percent from 2016. Excluding chip and battery businesses, which are seeing dramatic growth in the Chinese market, sales dropped almost 40 percent. Auto giant Hyundai Motor’s Chinese operation saw the biggest drop with sales down 75 percent. #China #sales #economy #chip #battery #Chinese_market #Hallyu #Korean_Wave #Kculture #Kcontent #중국시장 #매출 #경제 #Arirang_News #ǹ