Sales of S. Korea's top 500 firms jump 39 per cent over 10 years
28 Sep 2022 04:46pm
Image for illustrative purposes only - 123RF
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The combined top line of the leading businesses stood at 3,286 trillion won (US$2.3 trillion) in 2021 up 39 per cent from a decade earlier according to CEO Score.
The IT, electronics and electric industries accounted for the largest percentage of the total at 17.3 per cent last year up 3.4 percentage points from 10 years earlier.
The petrochemicals sector came next with 11.1 per cent, which was down from 14.6 per cent in 2011.
It was trailed by the auto and auto parts industry with 10.3 per cent insurers with 8.3 per cent and banks with 6.6 per cent.
Sales by the top 10 corporations took up 26.1 per cent of the aggregate last year down from 27.7 per cent a decade earlier.
By company, global tech titan Samsung Electronics Co. accounted for 8.5 per cent of last year's total sales up from 7 per cent 10 years earlier and the largest among them.
Samsung was trailed by No 1 automaker Hyundai Motor Co with 3.6 per cent, steel giant POSCO Holdings with 2.9 per cent and home electronics behemoth LG Electronics Inc with 2.3 per cent.
Meanwhile, the Fortune 500 companies saw their total sales expand 31.7 percent over the cited 10-year period with the oil and chemicals sector taking up the biggest share of 15.6 per cent last year.
Samsung Electronics and 15 other South Korean businesses were on the list of the world's 500 leading firms last year up from just three 10 years earlier.
China had the most Fortune 500 companies in 2021 with 136 followed by the United States with 124 according to CEO Score. - BERNAMA
