There were 617 venture companies with annual sales exceeding 100 billion won (as of the end of 2019), and the total sales of these companies was 140 trillion won.
The Ministry of SMEs and Startups announced the results of the ‘2020 Venture 100 Billion Companies Survey’ on the 25th.
The total sales of 100 billion venture companies was estimated to be about 140 trillion won, an increase of 6,182.4 billion won (4.6%) from the previous year. This is the fourth largest in the business world, following SK Group. 62 companies were the first to achieve sales of 100 billion won. The average period for these companies to achieve sales of 100 billion won was 17.5 years. The average period for software development and information technology (IT)-based service companies to achieve sales of 100 billion won was the shortest at 11.7 years.
Venture 100 billion companies also outperformed large, medium, and small companies in terms of management performance. The net profit margin (net profit/sales) of venture companies was 5.9% on average, 1.9 times that of large companies (3.1%) and 2.7 times that of small and medium-sized businesses (2.2%). The average sales of 100 billion venture companies fell slightly (0.4%) compared to the previous year, but the decline was small compared to large companies (7.2%) and mid-sized companies (5.8%).
The total number of employees of 100 billion venture companies was 232,000, an increase of 6,000 from the previous year. The average number of employees per company was 382, down 2.3% from the previous year.
Reporter Kim Dong-hyun [email protected]
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