PaperKorea Reports Operating Profit of 34.6 Billion KRW Last Year, Returning to Profitability

[Asia Economy Reporter Minji Lee] Paper Korea announced on the 2nd that it recorded an operating profit of 34.61143 billion KRW last year, turning to a profit. Net profit also turned positive, recording 200 million KRW, and sales increased by 82% to 484 billion KRW.

The company stated, "This reflects the impact of real estate sales and the improvement in the profit and loss structure of the paper business," and added, "Sales and profits were reflected according to the application of completed contract accounting for the subsidiary's housing sales business."