Samsung Electronics has fallen outside the top 20 in Forbes' global ranking of publicly listed companies this year.
According to industry sources on the 17th, Samsung Electronics ranked 21st in the recently released 'Global 2000' list by Forbes, dropping 7 places from 14th last year. Forbes annually evaluates major companies worldwide based on revenue, net profit, assets, and market capitalization to rank 2,000 companies.
In this evaluation, Samsung Electronics ranked 28th in revenue, 43rd in net profit, 122nd in assets, and 23rd in market value. This decline is attributed to poor performance caused by a nearly 15 trillion won loss in the semiconductor business amid last year's global economic downturn.
Among domestic companies, besides Samsung Electronics, Hyundai Motor Company rose 11 places from 104th last year to 93rd, entering the top 100. Kia (234th), KB Financial Group (250th), Shinhan Financial Group (304th), Hana Financial Group (411th), POSCO (412th), Hyundai Mobis (465th), and Samsung C&T Corporation (493rd) were also included within the top 500.
In the overall ranking, financial firms from the United States and China dominated the top positions. U.S. JP Morgan Chase secured first place for the second consecutive year, followed by Berkshire Hathaway in second. Saudi Arabia's Aramco, China's ICBC, Bank of America (BoA), Amazon, China Construction Bank, Microsoft (MS), Agricultural Bank of China, and Alphabet (Google's parent company) were all within the top 10. Among Asian companies excluding China, Japan's Toyota ranked highest at 11th.
AI semiconductor leader Nvidia rose more than 100 places from the previous year to 110th. San Jose-based Super Micro Computer, which sells data center servers, debuted at 856th. Forbes noted that "the influence of AI is expanding."
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