15 Biggest Korean Companies by Market Cap

On this article, we shall be looking on the 15 largest Korean corporations by market cap. To skip our detailed evaluation, you may go on to see the 5 largest Korean corporations by market cap.

Regardless of having the twenty seventh largest inhabitants on this planet, South Korea has the tenth largest economic system on this planet and the 4th largest economic system in Asia. South Korea in an unbelievable success story of a rustic which rose from being an underdeveloped nation to 1 with a extremely developed economic system inside a number of generations due to which it’s now a part of the G-20 and the Group of Economically Developed Nations. A lot of the success the nation has achieved might be attributed to the schooling system within the nation which has spurred a technological growth. Regardless of its unbelievable progress, South Korea continues to be thought of to be among the many quickest rising economies on this planet and is predicted to be among the many key world economies by the center of the twenty first century. One more reason behind South Korea’s financial energy is its deal with exporting, the place it’s the eight largest exporter on this planet. Its financial resilience is the rationale why it was amongst one of many few international locations on this planet to keep away from a recession through the Nice Recession and has continued to climb from energy to energy since.

Nonetheless, this does not imply that the corporate is totally impervious to world points as evidenced by the excessive inflation price that the nation has confronted in 2022, according to file ranges of inflation confronted by most international locations internationally as fears of a world recession deepen. Regardless of excessive inflation, based on OECD, South Korea’s economic system is predicted to extend by 2.7% in 2022 and a couple of.5% in 2023. Whereas consumption is predicted to extend, main enchancment shall be seen in 2023 because of sturdy funding and exports. Different points dealing with the economic system of South Korea the place the employment price is decrease than the OECD common whereas the GDP per capita is 20% decrease than the very best OECD performers. As well as, there may be larger earnings inequality versus different superior economies whereas carbon dioxide emissions are larger than the OECD common and will not be wherever close to lowering.

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South Korea is dwelling to a number of of the largest corporations on this planet. The truth is, within the checklist of Forbes 2000, South Korea has the 4th highest variety of corporations at 66, forward of main powerhouses resembling Germany, France, the UK and Spain. Solely the USA, China and Japan have extra corporations among the many largest 2,000 world corporations. After isolating the 66 Korean corporations from the Forbes World 200 checklist, we then ranked them primarily based on their market worth. For market worth, we checked Yahoo Finance for every firm’s market cap as of October 30, 2022. The place the market worth is within the native forex, we’ve got transformed it to USD primarily based on the most recent change charges. So, with out additional ado, let’s check out a few of the largest corporations in Korea, lots of which you may be aware of, beginning with quantity 15:

15. Woori Monetary Group Inc. (NYSE:WF)

Whole income of the corporate (in billions): 11.47

Whole income of the corporate (in thousands and thousands): 2,200

Whole belongings of the corporate (in billions): 376.2

Whole market worth of the corporate as of thirtieth October 2022 (in billions): 6.2

Woori Monetary Group Inc. (NYSE:WF) is a South Korean banking firm. Shaped in 2001 by means of the merger of 4 business banks and an funding financial institution, Woori Monetary Group Inc. (NYSE:WF) staff over 13,000 folks.

14. Hana Monetary Group

Whole income of the corporate (in billions): 13.75

Whole income of the corporate (in thousands and thousands): 3,010

Whole belongings of the corporate (in billions): 422.7

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 8.6

Certainly one of 4 monetary holding corporations within the checklist of the largest Korean corporations by market cap, Hana Monetary Group has greater than 15 subsidiaries and is lively in 24 international locations throughout a number of continents with a powerful presence in Indonesia, Vietnam and China.

14. Samsung Life Insurance coverage

Whole income of the corporate (in billions): 25.44

Whole income of the corporate (in thousands and thousands): 1,280

Whole belongings of the corporate (in billions): 287.1

Whole market worth of the corporate as of thirtieth October 2022 (in billions):

The biggest insurance coverage firm in Korea, Samsung Life Insurance coverage merchandise embody annuities, life insurance coverage and medical insurance. It had the largest IPO in South Korean historical past and has over 6,000 staff.

12. LG Electronics

Whole income of the corporate (in billions): 66.12

Whole income of the corporate (in thousands and thousands): 900.9

Whole belongings of the corporate (in billions): 45

Whole market worth of the corporate as of thirtieth October 2022 (in billions): 10.8

One of many largest electronics corporations on this planet, LG Electronics has 4 enterprise divisions: cellular communications, dwelling home equipment, car elements and residential leisure. LG Electronics is the second-biggest tv producer on this planet after Samsung Electronics.

11. KB Monetary Group Inc. (NYSE:KB)

Whole income of the corporate (in billions): 33.86

Whole income of the corporate (in thousands and thousands): 3,790

Whole belongings of the corporate (in billions): 560.38

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 13.1

A monetary holding firm, KB Monetary Group Inc. (NYSE:KB) gives banking and monetary providers and is taken into account to be part of domestically systemically vital banks. KB Monetary Group Inc. (NYSE:KB) was created by means of the restructuring of Kookmin Financial institution and purchased one in every of Korea’s largest life insurance coverage corporations in 2015. KB Monetary Group Inc. (NYSE:KB) has 13 subsidiaries.

10. SK Group

Whole income of the corporate (in billions): 85.9

Whole income of the corporate (in thousands and thousands): 1,720

Whole belongings of the corporate (in billions): 139.1

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 12

SK Group is a South Korean conglomerate and is the second largest conglomerate in Korea. SK Group consists of 186 subsidiaries and is concerned in numerous industries together with chemical, petroleum, vitality, advertising and marketing, building and high-speed Web.

9. POSCO Holdings Inc. (NYSE:PKX)

Whole income of the corporate (in billions): 66.66

Whole income of the corporate (in thousands and thousands): 5,770

Whole belongings of the corporate (in billions): 77

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 13.2

POSCO Holdings Inc. (NYSE:PKX) is a steel-making large and regarded to be among the many largest metal producers on this planet. POSCO Holdings Inc. (NYSE:PKX) owns operates two metal mills inside South Korea. Whereas POSCO Holdings Inc. (NYSE:PKX) operated a three way partnership with U.S. Metal, the venture was utterly taken over by U.S. Metal in 2020.

8. Shinhan Monetary Group Co., Ltd. (NYSE:SHG)

Whole income of the corporate (in billions): 29.3

Whole income of the corporate (in thousands and thousands): 3,570

Whole belongings of the corporate (in billions): 545.24

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 13.2

Shinhan Monetary Group Co., Ltd. (NYSE:SHG) is a monetary holding firm and regarded to be amongst Korea’s Massive 5 monetary teams. The providers offered by Shinhan Monetary Group Co., Ltd. (NYSE:SHG) are life insurance coverage, securities, funding banking and banking. Shinhan Monetary Group Co., Ltd. (NYSE:SHG) owns 17 subsidiaries to handle its numerous enterprise elements.

7. Samsung C&T

Whole income of the corporate (in billions): 30.1

Whole income of the corporate (in thousands and thousands): 1,430

Whole belongings of the corporate (in billions): 46.5

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 13.7

Samsung C&T is an engineering and building firm which was the primary ever Samsung firm having been included in 1938. Using over 17,000 staff, the corporate is targeted on actual property, commerce and investments and naturally, building.

6. Hyundai Mobis

Whole income of the corporate (in billions): 36.42

Whole income of the corporate (in thousands and thousands): 2,050

Whole belongings of the corporate (in billions): 43.3

Whole market worth of the corporate as of twenty ninth October 2022 (in billions): 14.3

Hyundai Mobis is a automotive components firm and is the “components and providers” arm of main automotive producers Hyundai Motor, Kia Motors and Genesis Motors. Kia Motors owns over 21% of the corporate.

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Disclosure: None. 15 largest Korean corporations by market cap is initially printed at Insider Monkey.