Global Top 10

 

Nine different global industries include Korean companies in the top ten.

Samsung Electronics leads the industry with its mobile devices, semiconductors, and home appliances, while Hyundai Motors and Hyundai Mobis ranked tenth in vehicles and vehicle parts.

According to CEO Score on June 22, the sales results of major worldwide companies in 22 industries showed Korean companies ranking within the top ten in nine industries including IT, vehicles, steel, shipbuilding, machinery, shipping, and communications. 

Korean companies that ranked in first place were home appliances and shipbuilding industries. Samsung Electronics and LG Electronics respectively ranked first and second in the world with sales of appliances such as TV, monitors, and other domestic appliances.

Last year, Samsung Electronics outranked Sony (US$16.4 billion, 3rd place) with a US$48.2 billion sales record, ranking the world’s best in electronic appliances. LG Electronics also topped as the second best beating Toshiba (US$12.5 billion), and Panasonic (US$11.4 billion) with a total sale of US$36 billion.

Samsung Electronics and LG Electronics also showed roughly 3 percent in sales interest, showing a strong comparison against the sales loss of Japanese companies like Sony and Toshiba.

Hyundai Heavy Industries and five other Korean shipbuilding companies also scored in the top ten. Hyundai Heavy Industries in itself topped the industry by US$61.9 billion in sales, and Daewoo Shipping & Marine (US$14.6 billion), Samsung Heavy Industries (US$14.2 billion), and Hyundai Mipo Dockyard (US$3.8 billion) landed third to fifth in ranking.

STX Offshore & Shipbuilding (US$3.2 billion) and Hanjin Heavy Industries & Construction (US$2.4 billion) lined up respectively as seventh and eighth. Japan’s Mitsubishi and Mitsui Engineering & Shipbuilding took second and sixth in ranking, respectively.

The mobile device, semiconductor, and steel industries saw Korean companies just barely in second place, narrowly missing first.

Samsung Electronics achieved sales of US$132.8 billion in mobile and US$35.8 billion in semiconductors, closely approaching Apple (US$171 billion) and Intel (US$52.7 billion).

In the steel industry, POSCO (US$59.2 billion) won second place after Luxemburg’s Arcelormittal (US$79.4 billion). Despite POSCO’s sales slump, the share of sales increased 4 percent (75 percent from 71 percent), a higher rate compared to the Arcelormittal.

Fully-built vehicles, vehicle parts, shipping, and the communication industry observed major roles by Korean companies as well.

Hyundai Mobis (US$32.7 billion) won sixth place, increasing sales by 11 percent compared to last year. Its profits closed the gap with top-ranking Robert Bosch’s 72 percent.

The vehicle industry saw Hyundai Kia Motors in fifth place for sales, but tenth place in cars alone. In shipping and communications, Hanjin recorded seventh with US$9.9 billion, and KT tenth with US$22.8 billion.

In petrochemistry, SK Innovation ranked 13th (US$63.8 billion), the best record among Korean companies, followed by GS Caltex Corporation at 16th (US$43.7 billion), S-Oil at 19th (US$29.8 billion), and LG Chem at 20th (US$22.1 billion).

However, Korea lagged behind other leading global companies in cosmetics, distribution, pharmaceuticals, and Internet industry. 

Amore Pacific alone scored fairly well, ending up 13th with US$3 billion, although the sales figures scored ten times below the industry’s leader, L’oreal.

Lotte Shopping (US$27 billion) did not appear on the list, as the sales scored only 5.7 percent of Walmart’s. Even Korea’s leading pharmaceutical company, Yuhan Corporation (US$900 million), only got 1.6 percent of the global leader of the industry. 

Naver, which dominates the domestic internet industry, also made only 3.7 percent of Google’s sales. Korean companies barely showed a presence in other industries such as construction, defense, aerospace, liquor, and fashion.

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