South Korea's largest companies in 2023 (2024)

South Korea's largest companies in 2023 (1)

from Fortune's Global 500 list

Here is the list of the biggest companies of South Korea in 2023:

RankCompanyFortune Global 500 RankRevenue ($M)Headquarters
1 Samsung Electronics 25 234129 Seoul
2 Hyundai Motor 85 110412 Seoul
3 SK 92 105959 Seoul
4 Kia 196 67055 Seoul
5 POSCO 201 65850 Seoul
6 LG Electronics 204 64953 Seoul
7 Korea Electric Power 258 54650 Naju
8 Hanwha 296 48245 Seoul
9 HD Hyundai 305 47138 Seongnam
10 GS Caltex 322 45343 Seoul
11 KB Financial Group 339 43622 Seoul
12 LG Chem 371 40241 Seoul
13 Hyundai Mobis 372 40210 Seoul
14 Korea Gas 374 40069 Daegu
15 SK Hynix 437 34567 Icheon
16 Samsung C&T 457 33436 Seoul
17 CJ Corp. 481 31703 Seoul
18 Samsung Life Insurance 496 31243 Seoul

The South Korean economy is one of the most dynamic and innovative in the world. The country has a strong export-oriented economy, with major exports including electronics, automobiles, ships, and petrochemicals. The South Korean economy is also highly diversified, with strong growth sectors including information technology, life sciences, green technology, and creative industries.

South Korea’s GDP growth has been impressive in recent years, averaging around 3% per year. The country’s political stability and strong economic fundamentals have helped to attract significant foreign investment.

Major industries in South Korea include electronics, automobiles, shipbuilding, steel production, chemicals, textiles, and food processing. The country is also home to a number of high-tech industries such as semiconductors, telecommunications equipment, and LCD displays.

Koreans are disciplined and hardworking people. This is a nation of workaholics. South Korea turned out to be one of the most effective nations in the fight against the COVID-19 pandemic.

Source: Fortune

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South Korea's largest companies in 2023 (2)

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