Gumi Chamber of Commerce Drives 35.7% of Industrial Complex Sales Through Top 100 Companies

16.96 Trillion Won in Sales; Down 2.9% Year-on-Year

Hanwha Systems, SK Siltron, and Toray Advanced Materials Korea Lead the Way

28,724 Employees; 36.3% of the Complex’s Workforce

The top 100 companies headquartered in the Gumi National Industrial Complex in Gyeongbuk, which lead the region’s industrial sector, posted a combined revenue of 16.9569 trillion won last year. This figure accounts for 35.7% of the entire output of the Gumi Industrial Complex.

According to an analysis by the Gumi Chamber of Commerce and Industry and NICE Investors Service, using data from the Financial Supervisory Service's electronic disclosure system, the total sales of the top 100 companies decreased by 2.9% compared to the previous year. Out of these, 51 companies saw an increase in sales, while 49 companies experienced a decrease.

Exterior view of the Gumi Chamber of Commerce and Industry in Gyeongbuk [Photo by Gumi Chamber of Commerce and Industry]

Hanwha Systems ranked first in sales with 3.0915 trillion won, followed by SK Siltron with 2.0773 trillion won and Toray Advanced Materials Korea with 1.9554 trillion won.

These three companies alone accounted for 42% of the total sales. The top 10 companies recorded sales of 10.4895 trillion won, making up 61.9% of the total.

Profitability remained relatively solid. Of the 100 companies, 81 reported an operating profit, with the average operating margin at 7.6%. SK Siltron recorded the highest operating profit at 407.3 billion won, followed by Hanwha Systems at 278 billion won, and Toray Advanced Materials Korea at 144.1 billion won.

By industry, manufacturing was overwhelmingly dominant, with 79 companies. There were 31 companies in the electrical and electronics sector, 27 in machinery and metals, and 14 in textiles and chemicals. By company size, there were 64 small and medium-sized enterprises (SMEs), 29 mid-sized companies, and 7 large companies.

These companies also made significant contributions to local employment. The top 100 companies employed 28,724 workers, accounting for 36.3% of the total employees in the Gumi National Industrial Complex. In addition, 66 companies have been operating for more than 20 years, highlighting the high proportion of long-standing companies underpinning Gumi's industrial base.

Shim Kyujeong, Head of Economic Survey and Corporate Attraction at the Gumi Chamber of Commerce and Industry, stated, "The top 100 companies account for more than one-third of the industrial complex's total sales and employment," adding, "We must nurture core enterprises and complete the three key emerging industries—K-semiconductors, defense, and robotics."

Ultimately, the competitiveness of the Gumi Industrial Complex depends on driving both the growth of leading companies and the collective advancement of mid-sized and small enterprises.

This content was produced with the assistance of AI translation services.