Samsung Electronics, LG Electronics, Yuhan Corporation, POSCO, Hyundai Motor, Hyundai Heavy Industries, SK Telecom, Yuhan Kimberly, Shinsegae Department Store, and e-mart all ranked in the top 30 for 12 years in a row on a survey about the most admired companies in Korea conducted by the Korea Management Association Consulting (KMAC) in 2014.
KMAC surveyed a total of 11,190 people - 6,400 executives, 230 analysts at securities firms, and 4,560 consumers - from September to December last year, and published the results on Feb. 25.
KMAC determined the rankings after the evaluation of 6 criteria, including innovation ability, shareholder value, employee value, customer value, social value, and brand image value. The top 30 companies scored the 7 point level out of 10 points in all evaluation areas.
By 79 industries, 8 companies have ranked top for 12 consecutive years, such as Hanil Cement in the cement industry, Yuhan Corporation in the pharmaceutical industry, POSCO in the steel industry, and Samsung Electronics’ CE Division in the home appliance industry. In the service sector, 9 companies have ranked number one for 12 straight years, including Shinhan Bank in the banking sector, Samchully in the gas sector, and GS25 in the convenience store sector.
There are 20 companies which haven’t missed the first place not once since 2014. Major companies are Shinhan Financial Group in the financial holding sector, CJ Korea Express in the total distribution service sector, Samsung Electronics Service in the service center sector, Paris Baguette in the bakery sector, Asan Medical Center in the general hospital sector, and Yeungjin College in the college sector.
There are companies which couldn’t make the first place this year after maintaining leads for 11 years in a row. Hyundai Mobis yielded the top position to Hyundai Wia in the auto parts sector, while Samsung Securities made way for Korean Investment & Securities in the securities sector.
Song Kwang-ho, head of the assessment division at KMAC, said, “Companies need to be sensitive to environmental changes for sustainable growth, and management innovation based on originality is vital. Innovation activities through sharing, participation and cooperation are essential to make a leap to become the admired companies.”