Software firms' 2012 revenue reaches 29 tln won

SEOUL, July 11 (Yonhap) -- Revenue of local software firms such as IT solution and Internet service providers reached some 29 trillion won (US$25.78 billion) last year, with six of them posting annual sales of more than 1 trillion won, data showed on Thursday.

According to the Korea Software Industry Association, a total of 114 software firms with annual sales each of 30 billion won logged a combined revenue of 28.9 trillion won last year. The association did not provide comparable figure for last year.

They hired a total of 80,242 employees at the end of last year, the data showed.

Samsung SDS Co., LG CNS Co., SK C