Korea CXO Institute Analyzes Management Performance of 88 Major Corporations
Hyundai Motor Posts Operating Profit of 18.0259 Trillion KRW
Samsung's Lee Jae-yong Tops in Sales, Net Income, and Employment
Korea CXO Research Institute, specializing in corporate analysis, announced on the 19th that after analyzing the management performance of the heads of 88 major conglomerates last year, Hyundai Motor Group Chairman Chung Eui-sun was found to have achieved the highest operating profit.
Hyundai Motor Group, which has 70 domestic affiliates, recorded an operating profit of 18.0259 trillion KRW last year, the only domestic group to exceed 10 trillion KRW. Within Hyundai Motor Group, the operating profits of Hyundai Motor Company (6.6709 trillion KRW) and Kia (6.0356 trillion KRW) alone amounted to 12.9766 trillion KRW. In other categories, Hyundai Motor Group ranked second after Samsung in sales (285.2336 trillion KRW), net profit (20.5149 trillion KRW), and employment (197,727 people).
Samsung Electronics Chairman Lee Jae-yong maintained first place in three categories last year: group sales, net profit, and employment. Samsung's total group sales last year were 358.9158 trillion KRW, net profit was 43.0571 trillion KRW, and employment was 278,284 people, making it the largest domestic group in scale.
SK Group Chairman Chey Tae-won ranked third in two categories last year: group sales (200.9306 trillion KRW) and operating profit (3.8841 trillion KRW). Last year, GS Group Chairman Huh Chang-soo also showed remarkable management performance. GS Group's total operating profit last year was 4.5109 trillion KRW, ranking second after Hyundai Motor Group. GS Group's total net profit was 3.3723 trillion KRW, ranking third among groups with a chairman.
Krafton Group Chairman Jang Byung-gyu ranked first in both group-wide operating profit margin (42.7%) and net profit margin (38%). In terms of group-wide sales growth rate from 2022 to 2023, Moon Joo-hyun, Chairman of MDM Group, which grew through real estate development and other sectors, ranked first. Chairman Moon increased the group’s sales from 755.8 billion KRW in 2022 to 1.8413 trillion KRW last year, a 143.6% increase. Notably, among affiliates, MDM Co., Ltd.'s sales surged from 13.1 billion KRW to 881.4 billion KRW.
The highest group-wide operating profit growth rate was by Akyeong Group Chairman Jang Young-shin (1065.4%), and the highest net profit growth rate was by Eugene Group Chairman Yoo Kyung-sun (3612.4%).
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