Google Korea posts 220 billion won revenue for 2020
Google Korea's revenue reached 220.14 billion won last year, up 3.66 percent from the previous year, while operating profit reached 15.59 billion won, up 52.95 percent over the same period
It was the first disclosure for Google Korea, which operates under Google International LLC, of its financial statement in the country.
According to a regulatory filing by Google Korea, most of its sales came from advertising from services, such as the app market Google Play and YouTube, and marketing support for its affiliate Google Asia Pacific Pte Ltd.
Advertising sales jumped from 75.88 billion won in 2019 to 86.46 billion won last year. Play store sales were not included in Google Korea's financial statement.
In a separate filing, Google Cloud Korea said its reached 58.3 billion won, up 128 percent from the previous year.