Songyuan’s Q1 sales fell by more than 20% and its operating profit dropped by more than 60%

recently, songwon group (songwon) released its audited financial performance report for the first quarter of 2023. the group reported a year-on-year decline of 21.1% in sales in the first quarter of 2023, from krw 338.433 billion (us$256 million) in the first quarter of 2022 and krw 267.167 billion (us$202 million) in the first quarter of…