South Korea’s top automaker Hyundai Motor’s operating profit tumbled to the five trillion won level last year for the first time since 2010 due to the global economic slowdown and strikes.

Hyundai announced on Wednesday that its operating profit came to five-point-19 trillion won, down 18-point-three percent from a year earlier.

It’s the lowest record since 2010 when the International Financial Reporting Standards(IFRS) system was first applied.

Hyundai's operating profits in the fourth quarter posted one-point-21 trillion won, down 32-point-six percent on-year, also the lowest record since 2010.