Fortune Global 500
Korean companies on the Fortune Global 500 list are distinguishing themselves in the local stock market. With the competition among them intensifying, those that moved up in the rankings are more favored by investors than before.
According to LIG Investment & Securities, the average index of the 14 Korean companies on the list is 258.5 this year (starting from January 1, 2005), which is 33.2 points higher than the KOSPI at 225.3.
The index has recovered more rapidly than the benchmark index, even after the credit rating adjustment during the American financial crisis in 2011. The one-year cumulative rate of return from August 5, 2011 is 6.13% for those companies and 2.98% below zero for the KOSPI.
“The Fortune Global 500 companies’ portfolio showed better results than the benchmark in terms of profit rate,” said LIG Investment & Securities research analyst Kim Dae-joon, adding, “It seems that they suffered less from the recession for the last three years, and succeeded in showing higher resiliency in the stock market thanks to their robust fundamentals.”
Fortune announces the Global 500 list each year. This year, 14 Korean companies put their names on it. Samsung Electronics took 14th place and beat Apple to become number one in the IT sector.