Samsung Electronics engulfed in '50,000 Won Electronics Fear'... Drops 7 Ranks in Global Market Cap Rankings

Samsung Electronics Vice Chairman Lee Jae-yong is departing for a business trip to Europe on the 7th through the Gimpo Business Aviation Center (SGBAC) in Gangseo-gu, Seoul. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Lee Seon-ae] Samsung Electronics, which had been trapped in a box range and showed little sign of rebound, has finally fallen to the 63,000 KRW level after 19 months, raising concerns about a '50,000 KRW Electronics' crisis. Due to its weak stock performance, its global stock market capitalization ranking has dropped by seven places compared to a year ago.

According to the industry on the 12th, Samsung Electronics ranked 22nd in the 'Top 100 Global Companies by Market Capitalization in 2022' recently released by the global accounting firm PricewaterhouseCoopers (PwC). The top 100 companies were ranked based on market capitalization as of the end of March this year, using data from Bloomberg in the United States. Samsung Electronics was the only Korean company included in the top 100 list.

However, Samsung Electronics' market capitalization was $342 billion (approximately 437.76 trillion KRW), down $89 billion (-21%) from $431 billion at the end of March last year. Accordingly, its ranking fell seven places from 15th last year. Samsung Electronics was classified among the top 10 companies with the largest market cap decline over the past year, along with PayPal (-53%), Alibaba (-52%), Tencent (-39%), and Netflix (-28%).

The domestic stock market has been shaky since the beginning of the year due to global inflation, concerns over monetary tightening, and the Russia-Ukraine conflict, which appears to have contributed to Samsung Electronics' weak stock price. However, if based on the recent market capitalization as of the end of March, the ranking is estimated to have declined further.

Meanwhile, among the top 100 companies, 63 were from the United States, 11 from China, and 4 from the United Kingdom. Apple took first place with a market capitalization of $2.85 trillion. Microsoft (MS) was second, Saudi Aramco third, Alphabet (Google's parent company) fourth, and Amazon fifth. Tesla (6th), Berkshire Hathaway (7th), Nvidia (8th), and Meta (9th) followed. Taiwan's TSMC ranked 10th with a market capitalization of $541 billion (approximately 692.48 trillion KRW), rising one place from 11th last year. Despite global economic volatility, the total market capitalization of the top 100 companies this year was $35.3 trillion, an 11% increase from $31.8 trillion as of March last year.