Humax Reports Operating Loss of 48.4 Billion Won Last Year... Turns to Deficit

[Asia Economy Reporter Minji Lee] Humax announced on the 15th that it recorded an operating loss of 48.44829 billion KRW last year, turning to a deficit. Sales decreased by 25.7% to 649.8 billion KRW, while net profit increased by 54% to 39.98277 billion KRW.

The company explained, "The number of paid broadcasting subscribers has continuously declined due to the ongoing advancement of cord-cutting technology driven by the growth of the OTT market."