South Korea: Fortune 500 leading companies 2023 | Statista (2024)

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South Korea: Fortune 500 leading companies 2023 | Statista? ›

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.

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 retained its title of being the most valuable brand in South Korea despite recording a decrease in brand value by 7% to US$82.7 billion.

Fictional chaebol families have been depicted in Korean dramas. The Lee family of Samsung, the Koos of LG, the Cheys of SK, the Shins of Lotte and the Chungs of Hyundai are household names that have tightly held the reins of the companies that are some of the country's largest private sector employers.

In 2023, the largest South Korean company as measured by revenue was Samsung Electronics with a revenue of over 234 billion U.S. dollars, followed by Hyundai Motor with a revenue of around 110.4 billion U.S. dollars. That year, 18 South Korean companies featured on the Fortune Global 500 rankings.

South Korea's four largest business conglomerates – Samsung, Hyundai Motor, SK and LG – will likely return as members of the country's top business lobby group, the Federation of Korean Industries (FKI).

Samsung, Hyundai, SK Group, POSCO, LG Electronics, Kia, SK Innovation, Korea Electric Power, SK Hynix, and LG Chem are the top 10 biggest companies in South Korea based on revenue in 2023.

K-pop songs have a limited shelf life

During the last two decades, the K-pop entertainment market was dominated by the “Big 3” K-pop entertainment agencies: SM Entertainment, YG Entertainment, and JYP Entertainment. SM Entertainment has traditionally taken the lead in terms of size, number of artists, and revenue.

The Big Three in K-pop refers to the three South Korean entertainment companies YG Entertainment, JYP Entertainment, and SM Entertainment. These companies dominated the K-pop industry from the late 1990s to today.

What is South Korea famous for? ›

What is South Korea famous for? South Korea is renowned for its rich cultural heritage, vibrant K-pop music scene, delicious cuisine like kimchi and bulgogi. It is also famous because of the technological innovations from companies like Samsung and LG, stunning natural landscapes, and traditional arts and crafts.

In 2021, Louis Vuitton was the most popular luxury goods brand in South Korea, reaching a sales share of over 31 percent. Chanel came in second, with a little over one in four luxury goods purchases being made from the brand.

Founded in 1896, Doosan is Korea's oldest company and has grown through numerous changes and innovations ranging from consumer goods to heavy and high-tech industries. Therefore, the history of Doosan occurred simultaneously with the history of economic growth and industrial development in Korea.