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According to Pulse by Maeil Business News Korea,

Chip and battery power expanded footprint on the Korean Inc. map, while corporate name behind K-pop and cryptocurrency joined the top 500 corporate rank in terms of sale last year.

According to a ranking of 500 top companies in terms of sale by business tracker CEO Score on Wednesday, Samsung Electronics stayed at the peak with 279.65 trillion won ($220 billion) in revenue last year.

Hyundai Motor Co. also kept to No. 2 with revenue of 117.61 trillion won, while POSCO Holdings moved up three notches to the third with 76.33 trillion won.

LG Electronics, Kia and KEPCO moved down to the fourth, fifth and sixth, while Hanwha remained at the seventh.

Battery and chip makers moved up. SK hynix was four notches higher at the No. 8 and LG Chem, parent to No. 1 battery maker LG Energy Solution at No. 9.

LG Energy Solution ranked 44th, leapfrogging 299 notches from a year ago thanks to expanded shipments of pouch and cylindrical batteries on robust global demand for electric vehicles. Camera module maker LG Innotek climbed 20 notches to the 48th.

Dunamu, operator of Korea’s largest crypto currency exchange Upbit, and K-pop icon BTS label Hybe newly joined the list at 168th and 447th.

Doosan, Orange Life Insurance and Incheon International Airport Corporation, fell out of top 500 list.

Refiners ascended as their top line benefited from higher selling prices amid global oil price hike and increased sales amid demand recovery. GS Caltex went up 13 notches to the 12th, S-Oil 20 notches to the 21st, SK Energy seven notches to the 24th, Hyundai Oilbank 14 notches to the 37th.

UNID ranked the lowest 500th with 1.1 trillion won in revenue, larger than the previous year’s lowest-ranked Namyang Dairy’s 948.9 billion won. With the increase in the lower limit, 52 companies including IBK Securities, Hyundai Global Service and LG HelloVision missed out despite revenue of 1 trillion won.

By Pulse

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Source: Pulse by Maeil Business News Korea (May 4, 2022)