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Software firms' 2012 revenue reaches 29 tln won

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(Globalpost/GlobalPost)

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

http://www.globalpost.com/dispatch/news/yonhap-news-agency/130711/software-firms-2012-revenue-reaches-29-tln-won