15 Biggest Korean Companies by Market Cap

In this article, we will look at 15 largest Korean companies by market cap. To go through our full analysis, you can view it directly 5 largest Korean companies by market cap.

Despite having the 27th largest population in the world, South Korea has the 10th largest economy in the world and the 4th largest economy in Asia. South Korea is a remarkable success story of a country that has risen from an underdeveloped country to a highly developed economy in a few generations because it is now part of the G-20 and the Organization of Economic Development Countries. Much of the success the country has achieved can be attributed to education system in a country that has spurred a technological boom. Despite its extraordinary growth, South Korea is still considered among the the fastest growing economy in the world and is expected to become one of the key global economies in the mid-21st century. Another reason for South Korea’s economic strength is its focus on exports, where it is among the eight largest exporters in the world. Its economic resilience is the reason why it was one of the few countries in the world to avoid recession during the Great Recession and has continued to go from strength to strength ever since.

However, this does not mean that the company is not resistant to global problems as evidenced by the high inflation rate that the country faces in 2022, in line with the inflation rate that most countries around the world face as a global fear. the recession deepened. Despite high inflation, according to the OECD, South Korea’s economy is expected to grow by 2.7% in 2022 and 2.5% in 2023. While consumption is expected to increase, the main improvement will be seen in 2023 due to strong investment and exports. Other problems faced by the South Korean economy where the employment rate is lower than the OECD average while GDP per capita is 20% lower than the best OECD performance. In addition, there is higher income inequality than other developed economies while carbon dioxide emissions are higher than the OECD average and there is no reduction.

The largest Korean company by Market Cap

The largest Korean company by Market Cap

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South Korea is home to some of them the biggest company in the world. In fact, in the Forbes 2000 list, South Korea had the 4th highest number of companies at 66, ahead of major powers such as Germany, France, England and Spain. Only the United States, China and Japan have more companies among the 2,000 largest global companies. After isolating 66 Korean companies from the Forbes Global 200 list, we then ranked them according to their market value. For market value, we check Yahoo Finance for the market cap of each company as of October 30, 2022. Where the market value is in local currency, we have converted it to USD based on the latest exchange rate. So, without further ado, let’s take a look at some of Korea’s biggest companies, many of which you may be familiar with, starting with number 15:

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

Total income of the company (in billions): 11.47

Total profit of the company (in millions): 2,200

Total assets of the company (in billions): 376.2

Total market value of the company as of October 30, 2022 (billion): 6.2

Woori Financial Group Inc. (NYSE:WF) is a South Korean banking company. Formed in 2001 through the merger of four commercial banks and one investment bank, Woori Financial Group Inc. (NYSE: WF) employs more than 13,000 people.

14. Hana Financial Group

Total company income (in billions): 13.75

Total company profit (in millions): 3,010

Total assets of the company (in billions): 422.7

Total market value of the company as of October 29, 2022 (billion): 8.6

One of the four financial holding companies in the list of the largest Korean companies by market cap, Hana Financial Group has more than 15 subsidiaries and is active in 24 countries across several continents with a strong presence in Indonesia, Vietnam and China.

14. Samsung Life Insurance

Total income of the company (in billions): 25.44

Total profit of the company (in millions): 1,280

Total assets of the company (in billions): 287.1

Total market value of the company as of October 30, 2022 (billion):

The largest insurance company in Korea, Samsung Life Insurance products include annuities, life insurance and health insurance. It had the largest IPO in South Korean history and has more than 6,000 employees.

12. LG Electronics

Total company income (in billions): 66.12

Total profit of the company (in millions): 900.9

Total assets of the company (in billions): 45

Total market value of the company as of October 30, 2022 (billion): 10.8

One of the largest electronics companies in the world, LG Electronics has four business divisions: mobile communications, home appliances, vehicle components and home entertainment. LG Electronics is the second largest television manufacturer in the world after Samsung Electronics.

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

Total company income (in billions): 33.86

Total profit of the company (in millions): 3,790

Total assets of the company (in billions): 560.38

Total market value of the company as of October 29, 2022 (billion): 13.1

The financial holding company, KB Financial Group Inc. (NYSE:KB) provides banking and financial services and is considered part of a domestic systemically important bank. KB Financial Group Inc. (NYSE: KB) was created through the restructuring of Kookmin Bank and acquired one of Korea’s largest life insurance companies in 2015. KB Financial Group Inc. (NYSE: KB) has 13 subsidiaries.

10. SK Group

Total income of the company (in billions): 85.9

Total profit of the company (in millions): 1,720

Total assets of the company (in billions): 139.1

Total market value of the company as of October 29, 2022 (billion): 12

SK Group is a South Korean conglomerate and is the second largest conglomerate in Korea. SK Group consists of 186 subsidiaries and is involved in various industries including chemical, petroleum, energy, marketing, construction and high-speed Internet.

9. POSCO Holdings Inc. (NYSE:PKX)

Total company income (in billions): 66.66

Total profit of the company (in millions): 5,770

Total assets of the company (in billions): 77

Total market value of the company as of October 29, 2022 (billion): 13.2

POSCO Holdings Inc. (NYSE: PKX) is a steel-making giant and is considered among the largest steel manufacturers in the world. POSCO Holdings Inc. (NYSE: PKX) owns and operates two steel plants in South Korea. When POSCO Holdings Inc. (NYSE: PKX) operates a joint venture with US Steel, the project has been acquired by US Steel in 2020.

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

Total company income (in billions): 29.3

Total profit of the company (in millions): 3,570

Total assets of the company (in billions): 545.24

Total market value of the company as of October 29, 2022 (billion): 13.2

Shinhan Financial Group Co., Ltd. (NYSE:SHG) is a financial holding company and is considered one of Korea’s Big Five financial groups. Services provided by Shinhan Financial Group Co., Ltd. (NYSE:SHG) is a life insurance, securities, investment banking and banking company. Shinhan Financial Group Co., Ltd. (NYSE:SHG) owns 17 subsidiaries to manage various aspects of its business.

7. Samsung C&T

Total income of the company (in billions): 30.1

Total profit of the company (in millions): 1,430

Total assets of the company (in billions): 46.5

Total market value of the company as of October 29, 2022 (billion): 13.7

Samsung C&T is an engineering and construction company that was the first Samsung company incorporated in 1938. Employing more than 17,000 employees, the company focuses on real estate, trade and investment and of course, construction.

6. Hyundai Mobis

Total income of the company (in billions): 36.42

Total company profit (in millions): 2,050

Total assets of the company (in billions): 43.3

Total market value of the company as of October 29, 2022 (billion): 14.3

Hyundai Mobis is an auto parts company and is the “parts and services” arm of major automakers Hyundai Motor, Kia Motors and Genesis Motors. Kia Motors owns more than 21% of the company.

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Disclosure: None. 15 largest Korean companies by market cap originally published on Insider Monkey.

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