Article: Top 10 Largest Companies In South Korea

10. KB Financial Group (Banking)

This firm provides financial assistance to clients. Hur Yin was Kookmin Bank (KB) CEO, which came into existence on November 1, 1963. Korea's Jung-gu District is the birthplace of this company. According to South Korea's End-of-March 2014 asset-value rankings, Kookmin bank is among the top four banks. By 2017, it became one of the largest bank in Korea and the 60th largest one globally. The Owner of the bank is the Government of South Korea.

 

9. Hyundai Mobis (Automotive Parts)

Chung Mong-koo is the chairman of Hyundai Mobis, which was formed in 1977. As of today, the company is known as Hyundai Mobis. It was founded in Seoul, South Korea, as the Hyundai Precision and Industries Corporation. The South Korean manufacturers Hyundai Motor Firm, Genesis Motors, and Kia Motors use the company as their "parts and service" branch. It was the World's Number sixth automotive supplier in the year 2014.

 

8. Hanwha (Conglomerate)

Kim Chong-hee created the Korea Explosives Group in 1952, which later became Hanwha. The headquarters is in Seoul, South Korea, and it is a Conglomerate-based enterprise. The company's products and services are available worldwide. Hanwha has several affiliations and business sectors, including construction, chemicals and materials, leisure and lifestyle, solar, and energy. Sports teams include the Hanwha Eagles and the Hanwha Life Esports, respectively.

 

7. Kia Motors (Automotive)

Kia Motors Corporation was formed in December 1944 as Kyungsung Precision Industry and served customers worldwide, except for North Korea and Japan. Hyundai Motor Company is Kia Motors parent company, and it has a number of subsidiaries, including those in the United States and India. In 1998, Kia and Hyundai Motor Company negotiated an agreement to diversify by trading ownership between the two firms.

 

6. Korea Electric Power Corporation (Utilities)

KEPCO- Korea Electric Power Corporation was formed as Seoul Electric Company on January 26, 1898. In addition to transmission, generation, and distribution of energy, the firm is also responsible for electrical research and development. KEPCO is 51.11 percent owned by the South Korean government. KEPCO has a total installed capacity of 65,383 MW, including affiliates and subsidiaries. The headquarters are located in Naju, South Jeolla, South Korea.

 

5. LG Electronics (Technology)

Originally known as Gold Star, LG Electronics was formed in October 1958 and re-incorporated in 2002 as LG Electronics. Koo In-Hwoi was the Gold Star’s founder. Having purchased Zenith in 1995, LG Electronics now controls 37.9% of LG Display as of 2013. For the first time since 2008, LG has been the world's fourth-largest LCD TV maker. Currently, the firm has 128 offices across the globe. As a result of persistent losses in the market, LG announced its exit from the phone manufacturing business in April 2021.

 

4. POSCO (Steel)

POSCO was formed in 1968 by Park Tae-Joon and is a steel-based manufacturing company. POSCO-Pohang Iron and Steel Co., Ltd. provides services to customers across the world. In 1972, POSCO began selling plate goods and concentrated its sales strategy on the domestic market to promote steel self-sufficiency in the country at the time. A major priority was to improve the international competitiveness of linked local firms by supplying them with high-quality iron and steel at prices lower than the export price was a significant priority. As measured by market value, it was the world's largest steel manufacturer in 2010. According to Fortune Global 500's 2012 list of the World's largest businesses, it ranked 146th in the top 500.

 

3. SK Holding (Holdings)

The SK Group firm was formed on April 8, 1953, and is a Conglomerate enterprise with its headquarters in Seoul, South Korea. This company has 113 offices across the world. South Korea's leading wireless mobile phone service provider SK Telecom is part of the SK Group, which is also active in building and shipping, marketing and local telephone, and high-speed Internet access and wireless broadband services (WiBro). Hynix, the world's second-largest memory semiconductor maker, was acquired by SK Hynix on March 20, 2010, allowing SK to expand its semiconductor industry.

 

2. Hyundai Motor (Automotive)

Hyundai is a multinational motor company founded on December 29, 1967, by Chung Ju-Yung in Seoul, South Korea. It owns 33.88 percentage of Kia Corporation and wholly owns two brands, Genesis Motor and Ioniq. Together, these three brands form the Hyundai Motor Group (HMG). With an annual production capacity of 1.6 million vehicles, Hyundai runs the world's biggest integrated automotive manufacturing complex in Ulsan, South Korea. Around 75,000 individuals work for the firm internationally. A total of 5,000 Hyundai dealers in 193 countries sell Hyundai cars.

 

1. Samsung Electronics (Technology)

A South Korean multinational electronics business, Samsung Electronics Company, or SEC, was established as a multinational corporation on January 13, 1969. Foreign investors hold a majority of the company. By revenue in 2019, Samsung Electronics is the second-largest technology business in the world. This company employs about 290,000 people and has 74 production facilities and an extensive sales network in 74 countries. It has a massive number of parent companies and established the largest shop in Bangalore, India. Among its products are Semiconductors, Electronic Devices, and Home Appliances, and much more.