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South Korean companies earned 2013 billion dollars in 18,8 abroad

South Korean companies received 19,5 trillion won (US $ 18,8 billion) from foreign activities in 2013, which is two times more than five years ago, according to a report submitted to parliament by the national tax service.

As reported by IA RUSKOR with reference to the legislator Pak Von Suk (Park Won-suk), the foreign incomes of Korean business have grown steadily in recent years, especially among large companies in the country. Corporate overseas earnings were 8,76 trillion won in 2008, but rose to 12,42 trillion won in 2010 and reached 18,9 trillion two years later.

"Tax data show that for small and medium-sized enterprises with earnings of less than 1 billion won, foreign revenues accounted for only 1 percent of their total revenues, while for large companies this figure was 11,3 percent," the deputy's office said. ...

The latest figures show that China’s 9,01 trillion won revenues followed by 2,19 trillion won in the United States and 751,4 billion won in Malaysia. Revenues from operations in Vietnam and India amounted to 721,8 billion won and 677,4 billion won respectively.

Most of the income comes from investments, buying stocks of foreign companies and selling new technologies and patents.

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