FOREWORD  

  Financial Statement Analysis(FSA), published annually by the Bank of Korea since 1960, describes the details of the business performances and financial conditions of Korean corporations.

  The year 2007 edition presents Korean corporations' balance sheets and   income statements, and key indicators on their financial stability, profitability, and growth for 2006, classified by industry and by business size. In addition, this book includes selected recent financial ratios of major industrial countries' corporations.

  For user's convenience, the full text of this year edition is available on the BOK's web-site(www.bok.or.kr) and through ECOS(Economic Statistics System).

   Every effort has been made to improve the accuracy of these statistics. We are, however, aware that there is still room for further improvement and comments and suggestions from users will be warmly welcomed.

  We hope that this book will be helpful to companies in framing their business strategies, to the government sector in drawing up economic policies, and to financial institutions in assessing credit risk. Finally, we wish to express our sincere appreciation to all the corporations surveyed and to those institutions whose efforts have helped make this work possible.

July 2007

                                        Kwang June Lee

                                        Director General

                                        Economic Statistics Dept.

                                        The Bank of Korea