Annual Report 2020

Publishing date: 19.03.2021

For the full year ended December 31, 2020, SONGWON achieved stable results which reflect the value of its high-performance solutions combined with its manufacturing and service excellence across a broad range of markets.

Against the backdrop of the ongoing COVID-19 pandemic, the Group achieved sales of 807,768 Million KRW and a gross profit margin of 20.3% in FY 2020, which is slightly lower than in FY 2019 (814,340 Million KRW and 20.4% respectively).