South Korea's Largest Companies
Here is the list of the biggest companies of South Korea in 2023:
| Rank | Company | Fortune Global 500 Rank | Revenue ($M) | Headquarters |
|---|---|---|---|---|
| 1 | Samsung Electronics | 25 | 234129 | Seoul |
| 2 | Hyundai Motor | 85 | 110412 | Seoul |
| 3 | SK | 92 | 105959 | Seoul |
| 4 | Kia | 196 | 67055 | Seoul |
| 5 | POSCO | 201 | 65850 | Seoul |
| 6 | LG Electronics | 204 | 64953 | Seoul |
| 7 | Korea Electric Power | 258 | 54650 | Naju |
| 8 | Hanwha | 296 | 48245 | Seoul |
| 9 | HD Hyundai | 305 | 47138 | Seongnam |
| 10 | GS Caltex | 322 | 45343 | Seoul |
| 11 | KB Financial Group | 339 | 43622 | Seoul |
| 12 | LG Chem | 371 | 40241 | Seoul |
| 13 | Hyundai Mobis | 372 | 40210 | Seoul |
| 14 | Korea Gas | 374 | 40069 | Daegu |
| 15 | SK Hynix | 437 | 34567 | Icheon |
| 16 | Samsung C&T | 457 | 33436 | Seoul |
| 17 | CJ Corp. | 481 | 31703 | Seoul |
| 18 | Samsung Life Insurance | 496 | 31243 | Seoul |
The South Korean economy is one of the most dynamic and innovative in the world. The country has a strong export-oriented economy, with major exports including electronics, automobiles, ships, and petrochemicals. The South Korean economy is also highly diversified, with strong growth sectors including information technology, life sciences, green technology, and creative industries.
South Korea’s GDP growth has been impressive in recent years, averaging around 3% per year. The country’s political stability and strong economic fundamentals have helped to attract significant foreign investment.
Major industries in South Korea include electronics, automobiles, shipbuilding, steel production, chemicals, textiles, and food processing. The country is also home to a number of high-tech industries such as semiconductors, telecommunications equipment, and LCD displays.
Koreans are disciplined and hardworking people. This is a nation of workaholics. South Korea turned out to be one of the most effective nations in the fight against the COVID-19 pandemic.
Source: Fortune
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