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Only Samsung Electronics and SK Hynix Included in Global Top 500 Market Cap Companies
Samsung Electronics Ranked 20th
Only Samsung Electronics and SK Hynix Included in Global Top 500 Market Cap Companies
  • By Yoon Young-sil
  • November 15, 2019, 13:44
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Samsung Electronics and SK Hynix were the only Korean companies included in the global top 500 market cap companies.

Only two Korean companies made the global top 500 in terms of market capitalization.

Korea Exchange released on Nov. 14 a survey of listed Korean firms’ market capitalization in terms of the U.S. dollar. As of Nov. 8, Samsung Electronics' market cap stood at about US$268.4 billion, taking 20th place among the global top 500 companies (excluding exchange traded funds). SK Hynix finished 267th with a market cap of US$51.7 billion.

At the end of 2010, Korea had eight companies in the top 500 club -- Samsung Electronics (43th), Hyundai Motor (258th), Hyundai Mobis (371st), POSCO (219th), LG Chem (405th), Hyundai Heavy Industries (300th), Shinhan Financial Group (423rd) and KB Financial Group (457th). Now, nine years later, Samsung Electronics was the only Korean company that remained in the top 500.

In the survey, first place went to Apple of the United States. Apple's market cap was about US$1.156 trillion, 4.3 times that of Samsung Electronics. Next to Apple was Microsoft (US$1.114 trillion), followed by Google's holding company, Alphabet (US$937 billion), Amazon (US$885.4 billion) and Facebook (US$542.2 billion).

China’s e-commerce company Alibaba, which is listed on the U.S. stock market, was ranked seventh in the top 10.

Among the top 10 companies, seven were IT-related companies, with the other three being Berkshire Hathaway, JP Morgan Chase and Visa Card.