AK Holdings disclosed on the 14th that its operating profit last year was 135.2 billion won, a 51.6% decrease from the previous year.
Last year's revenue was 4.4773 trillion won, a 0.1% decrease from the previous year.
The net loss for the period was 24.1 billion won, marking a switch to deficit.
AK Holdings explained, “This is due to poor performance from subsidiaries as a result of a deteriorating business environment.”
It added, “In the case of chemicals, profitability declined due to oversupply stemming from increased capacity in China and a global demand slump, while air transport expenses increased due to soaring exchange rates of the won against the dollar.”