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.
This edition covers Korean corporations’ balance sheets, income stat-
ements and statement of appropriation of retained earnings, as well as key
indicators concerning their financial stability, profitability and growth for 2011,
classified by industry. Until 2010, financial statement analysis statistics were
estimated based upon a sample survey, but from 2011 they have been compiled
from financial statements submitted to the National Tax Service for corporate
tax returns, so as to more accurately capture the financial results and position
of corporations in Korea.
For the convenience of users, the full text of this edition and related data
files are also available on the Bank of Korea’s Economic Statistics System
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 of the cooperating institutions whose efforts have
helped to make this work possible.
Young Bae Kim
Economic Statistics Dept.
The Bank of Korea