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Ranked: South Korea’s Largest Companies by Market Capitalization

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See this visualization first on the Voronoi app.

A chart with South Korea's top 25 most valuable companies by market capitalization.

South Korea’s Largest Companies by Market Cap

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In the two decades after the Korean war, rapid industrialization, dubbed the “Miracle on the Han River” transformed South Korea into an economic powerhouse.

Several major South Korean companies—now household names—were founded during this period, and are now some of the most valuable companies in the country and around the globe.

We visualize the top 25 South Korean companies by market capitalization, based on February 7, 2024 prices in USD, sourced from CompaniesMarketCap.com.

South Korea’s Top 25 Companies

South Korea’s most valuable company by a country mile is Samsung with a market cap past $375 billion, bigger than the economy of Qatar. Samsung is most popularly known for their mobile phones, but is also a major appliance maker: washing machines, air conditioners, and televisions.

Its lucrative semiconductor business supplies chips to some notable clients: Nvidia, Qualcomm, and IBM.

With its 2023 revenue close to $197 billion, Samsung is the second-largest electronics company (after Apple) in the world.

RankNameIndustryMarket Capitalization
1SamsungTechnology$375B
2SK HynixTechnology$72B
3LG Energy SolutionEnergy$68B
4HyundaiAutomotive$45B
5Samsung BiologicsHealthcare$44B
6KiaAutomotive$34B
7CelltrionHealthcare$28B
8LG ChemChemicals$26B
9POSCOOther$26B
10CoupangTechnology$26B
11NaverTechnology$23B
12Samsung SDITechnology$19B
13KB Financial GroupFinancial Services$19B
14KakaoTechnology$18B
15Shinhan Financial GroupFinancial Services$17B
16POSCO ChemicalChemicals$16B
17Hyundai MobisAutomotive$16B
18LG ElectronicsTechnology$13B
19Hana Financial GroupFinancial Services$12B
20EcoproEnergy$11B
21Samsung Life InsuranceFinancial Services$11B
22LG CorpTechnology$11B
23KakaoBankFinancial Services$10B
24Korea Electric PowerOther$10B
25HMMOther$10B

In fact there are several other Samsung names in this graphic. This includes Samsung Biologics (the biotech division of Samsung), Samsung SDI (electronics and battery manufacturing), and Samsung Life Insurance (South Korea’s largest insurance company).

Meanwhile, the LG Group (formerly known as Lucky-Goldstar) is another massive Korean conglomerate (also known as a “chaebol”). This includes businesses in chemicals (LG Chem) and batteries (LG Energy Solution).

Korean carmakers Hyundai and Kia, also feature in the top 25 most valuable Korean companies.

A Brief Note on South Korea’s Chaebol System

Chaebols (family-owned conglomerates) have played a crucial role in South Korea’s rapid economic rise from the 1960s onwards.

They benefited from government support in the postwar reconstruction period, and with access to credit, allowing them to invest heavily in key industries like shipbuilding, electronics, and automobiles. This contributed significantly to the country’s export-oriented growth model.

At the same time, the sheer size and influence of chaebols can fan monopolistic tendencies in the economy, stifling competition in certain sectors, hindering the growth of smaller businesses and potentially leading to inefficiencies.

Critics argue that the chaebol system can exacerbate income inequality in South Korea, with wealth concentrated among founding families and top executives.

The concept of large family-owned conglomerates is not entirely specific to South Korea. During Japanese colonial rule (1910-1945) in South Korea, similar powerful family-controlled businesses called zaibatsu existed in Japan. The structure and influence of these zaibatsu may have indirectly influenced the development of chaebols in South Korea.

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Mapped: The 10 U.S. States With the Lowest Real GDP Growth

In this graphic, we show where real GDP lagged the most across America in 2023 as high interest rates weighed on state economies.

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The Top 10 U.S. States, by Lowest Real GDP Growth

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.

Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.

This graphic shows the 10 states with the least robust real GDP growth in 2023, based on data from the Bureau of Economic Analysis.

Weakest State Economies in 2023

Below, we show the states with the slowest economic activity in inflation-adjusted terms, using chained 2017 dollars:

RankStateReal GDP Growth 2023 YoYReal GDP 2023
1Delaware-1.2%$74B
2Wisconsin+0.2%$337B
3New York+0.7%$1.8T
4Missississippi+0.7%$115B
5Georgia+0.8%$661B
6Minnesota+1.2%$384B
7New Hampshire+1.2%$91B
8Ohio+1.2%$698B
9Iowa+1.3%$200B
10Illinois+1.3%$876B
U.S.+2.5%$22.4T

Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year as a sluggish finance and insurance sector dampened the state’s economy.

Like Delaware, the Midwestern state of Wisconsin also experienced declines across the finance and insurance sector, in addition to steep drops in the agriculture and manufacturing industries.

America’s third-biggest economy, New York, grew just 0.7% in 2023, falling far below the U.S. average. High interest rates took a toll on key sectors, with notable slowdowns in the construction and manufacturing sectors. In addition, falling home prices and a weaker job market contributed to slower economic growth.

Meanwhile, Georgia experienced the fifth-lowest real GDP growth rate. In March 2024, Rivian paused plans to build a $5 billion EV factory in Georgia, which was set to be one of the biggest economic development initiatives in the state in history.

These delays are likely to exacerbate setbacks for the state, however, both Kia and Hyundai have made significant investments in the EV industry, which could help boost Georgia’s manufacturing sector looking ahead.

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