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Korea Herald

Daiso hits W4.53tr in annual sales for first time

By The Korea Herald

South Korea’s discount-store chain Daiso, operated by Asung Daiso, topped 4 trillion won ($3 billion) in sales for the first time last year, fueled by rising demand for budget-friendly goods amid prolonged inflation. The company posted 4.53 trillion won in revenue and 442.4 billion won in operating profit on Tuesday, up 13.4 percent and 19.2 percent, respectively, from a year earlier. Expanded offerings in cosmetics, fashion and health supplements helped drive the growth, while seasonal lines su