Samsung Electronics remains No. 1 firm in Korea
[THE INVESTOR] Six builders newly made the list of Korea’s top 500 companies by sales in 2016, with Samsung Electronics retaining its No. 1 spot, a corporate tracker said on June 14.
With sales of 201.9 trillion won (US$179 billion), the Korean tech giant accounted for 7.8 percent of the total top line of the 500 firms.
A total of 32 companies, or 6.4 percent of the total, were newly included on or excluded from the list last year, with the building and construction materials industry becoming the biggest gainer with six new entrants, according to CEO Score.
The car and auto parts industry posted the largest number of entrants with 51, followed by builders and construction materials companies with 45, retailers with 44, and refiners and petrochemical makers with 43.
Leading automaker Hyundai Motor retained its second place with sales of 93.6 trillion won, with state-run power company KEPCO staying unchanged at third place with 60.2 trillion won. LG Electronics came in fourth with 55.4 trillion won, trailed by steel giant POSCO with 53.1 trillion won. In 2015, LG came in fifth, while POSCO ranked fourth.
Samsung C&T, the de facto holding company of top conglomerate Samsung Group, jumped 31 spots to 13, and Hana Bank surged 18 slots to rank 12th.
By Alex Lee and newswires (email@example.com)