BMW Group’s Procurement from Korean Suppliers Surpasses Sales Figures in 2023 [From TechGolly]

BMW Group’s Procurement from Korean Suppliers Surpasses Sales Figures in 2023 [From TechGolly]

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BMW Group Korea announced on Monday that its global spending on parts sourced from Korean suppliers in 2023 amounted to approximately 6.53 trillion won ($4.72 billion), exceeding its sales figures within the country for the same year. The global group’s procurement from Korean suppliers increased significantly by 25 percent compared to the previous year, surpassing the Korean branch’s sales revenue of around 6.10 trillion won in 2023.

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