CEO Score Survey... 281 out of Top 500 Companies Evaluated
Samsung Electronics Scores 670 out of 800, 1st Place for 4 Consecutive Years
Hyundai Motor 616.8 Points 2nd Place... Kia Jumps from 5th to 3rd Place
Samsung Electronics has been selected as the best company in South Korea for the fourth consecutive year.
According to the CEO Score survey by the Corporate Data Research Institute on the 24th, Samsung Electronics ranked first in management evaluation for the fourth consecutive year. The survey assessed the management capabilities of 281 non-financial companies that submitted business reports among the top 500 companies by sales.
Now in its seventh year, the top 500 companies management evaluation is conducted annually by CEO Score targeting the top 500 domestic companies by sales. It investigates eight categories: rapid growth, investment, global competitiveness, transparent governance, sound management, job creation, gender equality, social contribution, and environmental protection. Each category is scored out of 100 points, with a total possible score of 800 points.
Samsung Electronics scored 670 points, ranking first. It was recognized as an excellent company in two categories: investment and job creation. Hyundai Motor Company maintained second place with 616.8 points, following last year. Kia ranked third with 601.2 points, rising two places from fifth last year. Hyundai Motor and Kia received high evaluations in the global competitiveness category. Naver, which ranked third last year, dropped to 13th this year.
By category, in the rapid growth segment among companies with sales over 10 trillion won, GS Caltex, Korean Air, HD Hyundai Oilbank, S-Oil, and LG Energy Solution were selected as excellent companies. Among companies with sales under 10 trillion won, L&F, JSND, DN Automotive, DL Chemical, and Samsung Biologics were chosen.
In the investment category, including tangible and intangible assets and research and development (R&D), Samsung Electronics, LG Chem, Naver, Kakao, and Samsung C&T were selected. Samsung Electronics invested nearly 80 trillion won last year, including 53.1267 trillion won in facility investment and 24.9292 trillion won in R&D. LG Chem invested 8.5737 trillion won in facilities and 1.78 trillion won in R&D.
The Hyundai Kia Motors headquarters building lit up on the night of the 26th of last month. [Photo by Hyunmin Kim kimhyun81@]
In the global competitiveness category, which compares sales ratios and operating profit gaps against the world’s number one in the industry, Kia, Hyundai Motor, Hanwha, Hyundai Mobis, and Doosan Enerbility were selected. In particular, the competitiveness of Hyundai Motor Group affiliates was evaluated as overwhelming compared to overseas competitors. Kia’s operating profit margin was 8.36%, 0.44 percentage points higher than Volkswagen’s 7.92%, the world’s number one automaker.
In the transparent governance category, SK, District Heating Corporation, LG Household & Health Care, KT&G, and LG Innotek were selected. In the sound management category, which evaluates operating profit margin and debt ratio, DB HiTek, HMM, KEPCO KPS, Orion, and Amorepacific were chosen.
In the job creation category, Samsung Electronics, SK Hynix, Samsung Electro-Mechanics, Samsung SDI, and LG Display were named excellent companies. As of the end of last year, Samsung Electronics employed 121,404 people, a 7% increase compared to the previous year. SK Hynix also recorded a 6% increase in employment.
In the gender equality category, Lotte Shopping, Shinsegae, Coway, CJ Freshway, and Ottogi received favorable evaluations. In the social contribution and environmental protection category, SK Chemicals, SK Telecom, Lotte Fine Chemical, KT, and HL Mando were selected as excellent companies.
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