1 in the US by total sales… FKI “Executive Director of Korean Companies in New Industries”
It was found that there are only 16 Korean companies in the “2022 Fortune Global 500” (Global 500), which is ranked according to the annual sales of companies worldwide by Fortune magazine in the United States.
The Federation of Korean Industries (FKI) announced on the 22nd that, following an analysis of each country’s status in the Global 500, Korea was less competitive than major countries in terms of not only the number of global companies, but also sales and industries.
In the Global 500, Chinese companies accounted for the majority with 136 (27.2%).
US companies follow with 124 (24.8%), with US and Chinese companies accounting for more than half.
Japanese companies accounted for 47 companies (9.4%), Germany 28 companies (5.6%), France 25 companies (5.0%) and the UK 18 companies (3.6%).
There were 16 Korean companies, accounting for 3.2%.
Looking at country sales of companies selected in the Global 500, total sales of US companies were $11.2 trillion, surpassing total sales of Chinese companies ($11 trillion).
Total sales of Korean companies were $996.2 billion, lower than those of Japan, Germany, France and the United Kingdom.
Of the 21 industries ranked in the Global 500, companies are spread across 19 industries in the US, 15 in China, 13 each in Japan and France, 11 in Germany, and 8 in the UK.
Korean companies were listed in eight sectors: electronics/semiconductor, finance, automobile, energy, materials/materials, general trading companies, food and beverage, and chemicals.
It has been studied that there are no Korean companies that have entered new industries such as aerospace, aerospace and healthcare.
Since 2015, when Fortune started categorizing by industry, Korean companies maintain 6 to 8 industries every year.
“It is really unfortunate that it is difficult to find successful companies in the new industrial field,” said Yoo Hwan-ik, head of FKI’s industry headquarters.
/yunhap news
