Samsung Electronics Ranks 21st in Forbes' Global Public Companies Ranking

Forbes Announces 'Global 2000' Rankings
Samsung Electronics Drops 7 Places from Last Year
Last Year's Semiconductor Loss Impact
Hyundai Motor Enters Top 100 at '93rd'
'Market Cap $3 Trillion' Nvidia Rises Over 100 Places

Samsung Electronics has fallen out of the top 20 in the global publicly traded companies ranking selected by Forbes, a leading US economic magazine.

Samsung Electronics Seocho Building, Seocho-gu, Seoul. Photo by Jinhyung Kang aymsdream@

According to industry sources on the 17th, Samsung Electronics ranked 21st in the recently released 'Global 2000' ranking 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 recorded 28th in revenue, 43rd in net profit, 122nd in assets, and 23rd in market value. This decline is attributed to poor performance due to a nearly 15 trillion won loss in the semiconductor business amid last year's global economic downturn.

Among domestic companies other than Samsung Electronics, Hyundai Motor rose 11 places from 104th last year to enter the top 100 at 93rd. Kia (234th), KB Financial (250th), Shinhan Financial (304th), Hana Financial (411th), POSCO (412th), Hyundai Mobis (465th), and Samsung C&T (493rd) were included within the top 500.

Financial firms from the US and China dominated the top ranks. US-based JPMorgan Chase secured first place for the second consecutive year, followed by Berkshire Hathaway in second place. Saudi Arabia's Aramco, China's ICBC, Bank of America (BoA), Amazon, China Construction Bank, Microsoft, Agricultural Bank of China, and Alphabet were among the top 10. Among Asian companies excluding China, Japan's Toyota ranked highest at 11th.

Forbes stated, "The influence of artificial intelligence (AI) is growing, as evidenced by chip manufacturer Nvidia, with a market capitalization of $3 trillion, rising more than 100 places to 110th, and San Jose-based Super Micro Computer, which sells data center servers, debuting at 856th."