# In 2024, South Korean companies experienced a remarkable 20% surge in earnings.

*semiconductor · news · 2025-12-20 · Devdiscourse*

## Key points

- South Korean companies' earnings surged by 20% in 2024, driven by semiconductor exports.
- Before-tax net profit reached 181.9 trillion won, up from 150.8 trillion won in 2023.
- Corporate R&D spending increased by 21.4% to 97 trillion won in 2024.
- 40.3% of South Korean firms now have international subsidiaries, mainly in China, the US, and Vietnam.

**Countries:** South Korea, China, United States, Vietnam

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/international/3737111-surge-in-south-korean-corporate-earnings-a-semiconductor-success-story)

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