The Bank of Korea is pleased to release the 2022 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performance and financial conditions of Korean corporations.

  This edition contains the financial statement analysis report for Korean corporations during 2022, the concepts behind and methods for calculating their major financial ratios, and their financial statements and major indicators, all classified by industry and by company size. In addition, quartile statistics are enhanced, by adding non-manufacutring category and including more detailed classifications by company size, and subdividing manufacturing sector classifications to provide more useful information. To facilitate cross-country comparisons, the major financial ratios as used in the U.S., Japan and Germany are also included here, as well.

  For a more in-depth analysis, the full text of this book is available at the Bank of Korea’s website (www.bok.or.kr) and at the website for its Economic Statistics System (ECOS) (http://ecos.bok.or.kr). Furthermore, the related data files can be found at the ECOS website, and major indicators are also available at the ECOS mobile website (http://ecos.bok.or.kr/mobile).

  We hope that this book will be helpful to the government sector in drawing up its economic policies, to companies in framing their business strategies, to financial institutions in assessing their credit risks, and to members of academia in conducting their research. Finally, we wish to express our sincere appreciation to all of the cooperating institutions whose efforts have helped to make this work possible.

                                                                                                                   December 2023

                                                                                                                   Shin, Seung Chul

                                                                                                                   Director General

                                                                                                                   Economic Statistics Department
                                                                                                                   Bank of Korea

  The Bank of Korea is pleased to release the 2020 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performance and financial conditions of Korean corporations.

  This edition contains the financial statement analysis report for Korean corporations during 2020, the concepts behind and methods for calculating their major financial ratios, and their financial statements and major indicators, all classified by industry and by company size. In addition, financial statements and statistics from middle-market -enterprises to facilitate accession to more detailed information. To facilitate cross-country comparisons, major financial ratios as used in the U.S., Japan and Germany are also included here, as well.

  For a more in-depth analysis, the full text of this book is available at the Bank of Korea’s website (www.bok.or.kr) and at the website for its Economic Statistics System (ECOS) (http://ecos.bok.or.kr). Furthermore, the related data files can be found at the ECOS website, and major indicators are also available at the ECOS mobile website (http://ecos.bok.or.kr/mobile).

  We hope that this book will be helpful to the government sector in drawing up its economic policies, to companies in framing their business strategies, to financial institutions in assessing their credit risks, and to members of academia in conducting their research. Finally, we wish to express our sincere appreciation to all of the cooperating institutions whose efforts have helped to make this work possible.

                                                                                                                 October 2020

                                                                                                                 Hwang, Sang Pil

                                                                                                                 Director General

                                                                                                                 Economic Statistics Department

                                                                                                                 Bank of Korea

  The Bank of Korea is pleased to release the 2021 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performance and financial conditions of Korean corporations.

  This edition contains the financial statement analysis report for Korean corporations during 2021, the concepts behind and methods for calculating their major financial ratios, and their financial statements and major indicators, all classified by industry and by company size. In addition, quartile statistics for frequently used major indicators are also released. To facilitate cross-country comparisons, the major financial ratios as used in the U.S., Japan and Germany are also included here, as well.

  For a more in-depth analysis, the full text of this book is available at the Bank of Korea’s website (www.bok.or.kr) and at the website for its Economic Statistics System (ECOS) (http://ecos.bok.or.kr). Furthermore, the related data files can be found at the ECOS website, and major indicators are also available at the ECOS mobile website (http://ecos.bok.or.kr/mobile).

  We hope that this book will be helpful to the government sector in drawing up its economic policies, to companies in framing their business strategies, to financial institutions in assessing their credit risks, and to members of academia in conducting their research. Finally, we wish to express our sincere appreciation to all of the cooperating institutions whose efforts have helped to make this work possible.

                                                                                                                   October 2022

                                                                                                                   Hwang, Sang Pil

                                                                                                                   Director General

                                                                                                                   Economic Statistics Department

Bank of Korea

  Bank of Korea is pleased to release the 2018 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performances and financial conditions of Korean corporations.

  This edition contains the financial statement analysis report for Korean corporations during 2018, the concepts of and methods for calculating their major financial ratios, their financial statements and major indicators, all classified by industry and by company size. In addition, quartile statistics for frequently used major indicators are also released. To facilitate cross-country comparison, the major financial ratios of advanced countries such as the U.S., Japan and Germany are included as well.

  For user convenience, the full text of this book is available on Bank of Korea’s website (www.bok.or.kr) and its Economic Statistics System website (ECOS, http://ecos.bok.or.kr). Furthermore, the related data files can be found at the ECOS website, and major indicators are also available on the mobile version of the ECOS website (http://ecos.bok.or.kr/mobile).

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

                                                                                                               November 2019

                                                                                                               Park, Yang Su

                                                                                                                Director General 
                                                                                                                Economic Statistics Dept.
                                                                                                                Bank of Korea

  The Bank of Korea is pleased to release the 2017 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performances and financial conditions of Korean corporations.

  This edition contains the financial statement analysis report for Korean corporations during 2017, the concepts of and methods for calculating their major financial ratios, their financial statements and major indicators, all classified by industry and by company size. In addition, quartile statistics for frequently used major indicators are also released. To facilitate cross-country comparison, the major financial ratios of advanced countries such as the U.S., Japan and Germany are included as well.

  Starting from the 2017 analysis, a new industrial classification system has been adopted to reflect the 10th Korean Standard Industrial Classification and changes in the industrial structure. In addition, to maintain the continuity of the time series, the previously released statistics for 2015 and 2016 have been recompiled by retroactively applying the new classification system.

  For user convenience, the full text of this book is available on the Bank of Korea’s website (www.bok.or.kr) and its Economic Statistics System website (ECOS, http://ecos.bok.or.kr). Furthermore, the related data files can be found at the ECOS website, and major indicators are also available on the mobile version of the ECOS website (http://ecos.bok.or.kr/mobile).

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

                                                                                                               November 2018

                                                                                                               Park, Yang Su

                                                                                                                Director General 
                                                                                                                Economic Statistics Dept.
                                                                                                                The Bank of Korea

The Bank of Korea is pleased to release the 2017 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performances and financial conditions of Korean corporations during the preceding fiscal year.

This edition contains the financial statement analysis report for Korean corporations during 2016, the concepts of and methods for calculating their major financial ratios, their financial statements including their balance sheets, income statements and statements of appropriation of retained earnings, and various indicators related to their growth, profitability and stability, all classified by industry and by company size. In addition, quartile statistics for frequently used major indicators are also released. To facilitate cross-country comparison, the major financial ratios of advanced countries such as the U.S., Japan and Germany are included as well.

For user convenience, the full text of this book is available on the Bank of Korea’s website (www.bok.or.kr) and its Economic Statistics System website (ECOS, http://ecos.bok.or.kr). Furthermore, the related data files can be found at the ECOS website, and major indicators are also available on the mobile version of the ECOS website (http://ecos.bok.or.kr/mobile).

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

                                                                                                               November 2017

                                                                                                             Chung, Kyuil

                                                                                                                Director General 
                                                                                                                Economic Statistics Dept.
                                                                                                                The Bank of Korea

FOREWORD

The Bank of Korea is pleased to release the 2016 edition of its Financial Statement Analysis (FSA), published annually since 1960 to provide research on and analysis of the business performances and financial conditions of Korean corporations during the preceding fiscal year.

This edition contains the financial statement analysis report for Korean corporations during 2015, the concepts of and methods for calculating their major financial ratios, their financial statements including their balance sheets, income statements and statements of appropriation of retained earnings, and various indicators related to their growth, profitability and stability, all classified by industry and by company size. Quartile statistics for frequently used major indicators are also developed and released. To facilitate cross-country comparison, the major financial ratios of advanced countries such as the U.S., Japan and Germany are included as well.

For user convenience, the full text of this book is also available on the Bank of Korea’s website(www.bok.or.kr) and its Economic Statistics System website(ECOS, http://ecos.bok.or.kr). The related data files can also be found at the ECOS site.

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

                                                                                                             November 2016

                                                                                                        Chung, Kyuil

                                                                                                            Director General 
                                                                                                            Economic Statistics Dept.
                                                                                                            The Bank of Korea

FOREWORD

  The Financial Statement Analysis (FSA), published annually by the Bank of Korea since 1960 in accordance with the provisions of Article 86 of the Bank of Korea Act, provides public details regarding the business performances and financial conditions of Korean corporations.

  This edition covers the financial statement analysis report, the concepts of and methods for calculating the major financial ratios, and the financial statements of Korean corporations classified by industry. For cross-country comparability, the major financial ratios of advanced countries, such as the U.S., Japan and Germany, are included. For user convenience, the full text of this book and the related data files are also available on the Bank of Korea’s Economic Statistics System website (ecos.bok.or.kr).

  The Bank of Korea is devoting its best efforts to the qualitative improvement of its economic statistics. In 2011 the FSA statistics were changed to aggregate statistics, using financial statements submitted to the National Tax Service for corporate tax returns. This improvement has reduced the estimation errors from the sampling methods previously used, relieved companies’ survey response burdens, reduced survey costs, and boosted the accuracy of corporate financial results and positions in Korea. This year, the Bank of Korea has also made efforts to provide information related to the distribution of our FSA indicators not appearing in the aggregate financial statement by developing and releasing quartile statistics.

  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.

                                                                                                                                   November 2015

                                                                                                                     Jeon, Seung-Cheol

                                                                                                                                   Director General 
                                                                                                                                   Economic Statistics Dept.
                                                                                                                                   The Bank of Korea

FOREWORD

    Financial Statement Analysis (FSA), published annually by the Bank of Korea since 1960 in accordance with the provisions of Article 86 of the Bank of Korea Act, describes the details of the business performances and financial conditions of Korean corporations.
       

    This edition covers the financial statement analysis report, the concepts of and methods for calculating the major financial ratios, and the financial statements of Korean corporations classified by industry. For cross-country comparability, the major financial ratios of advanced countries’ such as the U.S., Japan and Germany are included.

    For user convenience, the full text of this book and the related data files are also available on the Bank of Korea’s Economic Statistics System website (ecos.bok.or.kr).

    The Bank of Korea is devoting its best efforts to the qualitative improvement of its economic statistics. In 2011 the FSA statistics were changed to aggregate statistics, using financial statements submitted to the National Tax Service for corporate tax returns. This improvement has reduced the estimation errors from the sampling methods previously used, while also relieving companies’ survey response burdens and reducing survey costs, and boosted the accuracy of corporate financial results and positions in Korea.

    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.
                      

                                                                                                       November 2014

                               Yung Taek Jung

                                             Director General

                                             Economic Statistics Dept.

                                             The Bank of Korea

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

This edition covers Korean corporations’ balance sheets, income statements and statements of appropriation of retained earnings, as well as key indicators concerning their financial stability, profitability and growth for 2012, classified by industry. Until 2010, financial statement analysis statistics were estimated based upon a sample survey, but since 2011 they have been compiled from financial statements submitted to the National Tax Service for corporate tax returns, so as to expand statistical data and capture more accurately the financial results and status 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 website (ecos.bok.or.kr).

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 cooperating institutions whose efforts have helped to make this work possible.

November 2013

Young Taek Jung

Director General

Economic Statistics Dept.

The Bank of Korea

                                  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.

              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
      website (ecos.bok.or.kr).

                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.

                                                November 2012

                                                                         Young Bae Kim
                                                                          Director General
                                                                          Economic Statistics Dept.
                                                                          The Bank of Korea

July 2011

                                                    Young Bae Kim
                                                      Director General
                                                                      Economic Statistics Dept.
                                                          The Bank of Korea

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

This edition presents Korean corporations' balance sheets, income statements and statements of cash flows, and key indicators concerning their financial stability, profitability, and growth for 2008, classified by industry.

Samples have been revised this year from the National Tax Service file of 2007 in order to reflect the changes in business volumes and in industry structure over the last three years since the 2006 sampling revision. In particular, small-scale companies in terms of turnover are included in the population for a more comprehensive grasp of the economy and industrial classification has been changed in line with the revision of the KSIC.

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(ECOS, http://ecos.bok.or.kr).

Every effort has been made to improve the accuracy of these statistics, but there may be still room for further improvement. In this regard, 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.

FOREWORD

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

  This edition presents Korean corporations' balance sheets, income statements and statements of cash flows, and key indicators concerning their financial stability, profitability, and growth for 2007, classified by industry.

  For the user's convenience, the full text of this edition and related data files are also available on the Bank of Korea's Economic Statistics System(ECOS, http://ecos.bok.or.kr).

   Every effort has been made to improve the accuracy of these statistics, but there may be still room for further improvement. In this regard, 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 2008

                                        Chun Sin Choi

                                        Director General

                                        Economic Statistics Dept.

                                        The Bank of Korea

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

  The year 2006 edition presents Korean corporations' balance sheets and   income statements, and key indicators on their financial stability, profitability, and growth for 2005, classified by industry and by business size. Moreover, samples have been revised this year from the National Tax Service file of 2004 in order to reflect the changes in business volumes and in industry structure over the last 3 years since the 2003 sampling revision

  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 aware that there is still room for further improvement, however, and any 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 2006

                                        Kwang June Lee
                                        Director General
                                        Economic Statistics Dept.
                                        The Bank of Korea