Ottogi Surpasses 3 Trillion Won in Sales for the First Time Last Year... "53 Years Since Establishment"

Ottogi surpassed annual sales of 3 trillion won for the first time last year, entering the so-called '3 Trillion Won Club' in the food industry.

Ottogi CI.
Photo by Ottogi

According to the Financial Supervisory Service's electronic disclosure system on the 21st, Ottogi's sales last year amounted to 3.1833 trillion won, an increase of 16.2% compared to the previous year. Ottogi exceeded annual sales of 3 trillion won for the first time in 53 years since its founding in 1969.

Operating profit increased by 11.5% to 185.7 billion won, and net profit for the period rose by 114.3% to 278.5 billion won.

Chairman Ham Young-jun's compensation increased by 10.7% compared to the previous year, totaling 897 million won. His salary was 516 million won, and bonuses amounted to 381 million won. President Hwang Seong-man received 761 million won. The average salary of employees was 48 million won, up 11.6% from 43 million won the previous year. The average length of service for employees was 9 years and 3 months.