SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung Electronics retains the top spot in Korea’s top 500 firms list

Business
By 

Last updated: May 4th, 2022 at 13:48 UTC+02:00

The latest report by The Korea Times reveals that Samsung Electronics has retained its top spot in Korea’s top 500 firms by sales list. Notably, 39 new businesses made their debut on the list, according to corporate tracker CEO Score.

Samsung Electronics is the flagship unit of Korea’s leading conglomerate Samsung Group, with its top line amounting to 279.6 trillion won ($221 billion).

Samsung is a titan of the Korean business landscape

In the second spot, came the Korean auto giant Hyundai Motor. It is the flagship unit of the automotive conglomerate, Hyundai Motor Group. Its sales stood at 117.6 trillion won. POSCO Holdings grabbed third place on the list with sales of 76.3 trillion won.

The new entrants in Korea’s top 500 firms by sales list include Dunamu, which operates Korea’s largest cryptocurrency exchange by transaction value, Upbit. The list also saw K-pop powerhouse Hybe, the agency of K-pop supergroup BTS, make an entry into the list. In the list, Dunamu was placed in the 168th position, whereas Hybe secured the 447th position.

It’s unsurprising to see Samsung remain the leading company by sales in its home country. Samsung is intricately woven into the Korean market. Jobs in the company are highly sought after by the locals and a career at Samsung can end up being quite rewarding. Samsung is also of great important to the Korean economy. Its yearly revenues account for over 10% of the country’s entire GDP.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business HyundaiSamsung Electronics
Load 2 comments

You might also like

Samsung heir Lee Jae-yong pardoned by South Korean President, gets cleared of bribery charges

Samsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]

  • By Asif Iqbal Shaik
  • 5 days ago

Samsung seeks support from Vietnam for its Busan World Expo 2030 bid

Last week, Samsung’s TM Roh and the Prime Minister of Vietnam met to discuss the Korean tech giant’s plans for a new R&D center in Hanoi and the local manufacturing of chip transistors by mid-2023. As it turns out, there was another reason behind Samsung’s recent visit to Vietnam. Samsung seeks support for the 2030 […]

  • By Mihai Matei
  • 1 week ago

Samsung to bolster R&D and chip manufacturing in Vietnam by mid-2023

Samsung is in the process of building a strong international supplier network and increasing its manufacturing presence in more countries. The company is constructing a new manufacturing plant in the United States, and earlier this week, Samsung’s TM Roh met with the Prime Minister of Vietnam, Pham Minh Chinh, to prepare for what’s coming next. […]

  • By Mihai Matei
  • 2 weeks ago

Samsung remains the 2nd-largest tablet vendor in a declining market

The smartphone market isn’t the only one affected by the ongoing economic troubles. PC and tablets have just recorded their second quarterly decline, with global shipments falling 14% in Q2 2022. Samsung maintained its market position behind Apple. Several causes have led to declining PC and tablet shipments in Q2 2022, such as lower consumer […]

  • By Mihai Matei
  • 2 weeks ago

BREAKING: Samsung scaling down smartphone production due to weak sales

The consumer spending spree witnessed after the COVID-19 pandemic lockdowns appears to be over now. Financial experts around the world forecast a global recession, and the smartphone market has started to brace for the economic downturn. Even Samsung seems to have scaled back smartphone production. Although Samsung claimed that it expects smartphone sales to stay […]

  • By Asif Iqbal Shaik
  • 2 weeks ago

Spotify Connect stops working on Samsung soundbar due to licensing

It’s a sad state of affairs when perfectly-working hardware stops functioning as intended due to software and lack of support. Without Android OS and One UI, Samsung’s Galaxy S22 would become a paperweight. Of course, the Galaxy S22 is an extreme example, as it will never lose Android and One UI. But other Samsung products […]

  • By Mihai Matei
  • 2 weeks ago