CEO Score, Analysis of Last Year's Sales of Top 500 Companies
Samsung Electronics, Hyundai Motor 1st and 2nd... Kia Jumps to 3rd Place
Kia jumped into the 'Top 3' domestic sales companies last year. Samsung Electronics and Hyundai Motor maintained their 1st and 2nd positions. During the year, 42 companies among the top 500 by sales changed.
On the 10th, CEO Score, a corporate data research institute, surveyed the top 500 companies by sales last year and found that the total sales of the top 500 companies last year amounted to 4,060.2438 trillion KRW, a 23.7% increase from the previous year (3,283.3329 trillion KRW). Operating profit was 23.6088 trillion KRW, down 15.9% from the previous year (28.06842 trillion KRW).
The sales of the 500th ranked company were 1.3086 trillion KRW, up 19.3% from 1.0973 trillion KRW in 2021. Because of this, there were as many as 141 companies that exceeded 1 trillion KRW in sales last year but did not make it into the top 500.
New entrants to the top 500 companies included POSCO (steel), SK On, Korea Racing Authority, L&F, and others, totaling 42 companies. This was an increase of 3 companies compared to 39 in 2021.
Six companies including Korea Ocean Business Corporation, Gyeonggi Housing and Urban Corporation, Booyoung Housing, Seegene, MDM Plus, and Shinyoung dropped out as their sales fell below 1 trillion KRW. Five companies disappeared due to mergers, including Hanwha Construction and Lotte Food.
Hyundai Kia headquarters building on the night of the 26th of last month. [Photo by Hyunmin Kim kimhyun81@]
By industry, petrochemicals had the most companies with 49. The automotive and parts and distribution sectors each had 44 companies, ranking second. They were followed by construction and building materials (37), IT and electronics (35), food and beverage (31), and insurance (29).
By company, Samsung Electronics and Hyundai Motor maintained their 1st and 2nd places with sales of 302.2314 trillion KRW and 142.5275 trillion KRW, respectively. Kia recorded sales of 86.559 trillion KRW, jumping from 5th to 3rd place. The combined sales of Hyundai Motor and Kia reached 229.0866 trillion KRW, rising to 75.8% of Samsung Electronics' sales.
LG Electronics (83.4673 trillion KRW), Korea Electric Power Corporation (71.2579 trillion KRW), and Hanwha (62.2784 trillion KRW) ranked 4th to 6th. GS Caltex (58.5321 trillion KRW) rose five places to 7th compared to 2021. Meritz Securities (57.0376 trillion KRW) surged 24 places to 8th. SK Trading International (9th, 54.4557 trillion KRW) and Hana Bank (10th, 53.6672 trillion KRW) were also included in the 'Top 10.'
On the other hand, SK Hynix, which was 8th with 44.6216 trillion KRW, fell nine places to 17th. LG Chem also dropped from 9th to 12th with 51.8649 trillion KRW. Hyundai Mobis, ranked 10th with 51.0963 trillion KRW, fell to 11th.
The company with the biggest rise in ranking was Jungheung Construction, which acquired Daewoo Construction last year, moving from 326th to 75th. Jungheung Construction's sales last year surged 528.4% year-on-year to 11.1065 trillion KRW.
EcoPro BM, which increased its battery cathode material production capacity (383rd to 149th), DL Chemical, which acquired the U.S. chemical company Kraton (356th to 169th), Korea Securities Finance, GS EPS, Samsung Biologics, Daesung Industrial, Hanwha Energy, and Korea Pfizer also jumped more than 100 places in ranking.
The company with the largest drop in ranking was Heesung Catalyst, falling from 119th to 497th. SK Innovation dropped from 157th to 349th due to the spin-off of SK On, and Kolon Global fell from 139th to 270th due to the spin-off of Kolon Mobility Group.
Korea Gold Exchange 3M, Heesung PM Tech, Seoul Housing and Communities Corporation, Daeyu A-Tech, Shinyoung Securities, Ebest Investment & Securities, and POSCO Holdings also dropped more than 100 places in ranking.
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