Samsung Electronics at World's 22nd by Market Cap: Data | Be Korea-savvy

Samsung Electronics at World’s 22nd by Market Cap: Data

This file photo, taken on April 28, 2022, shows Samsung Electronics' headquarters in Seoul. (Yonhap)

This file photo, taken on April 28, 2022, shows Samsung Electronics’ headquarters in Seoul. (Yonhap)

SEOUL, June 12 (Korea Bizwire)Samsung Electronics Co., South Korea’s leading tech firm, was the world’s 22nd-largest company in terms of market capitalization, down seven notches from a year earlier, data showed Sunday.

According to the list of the global top 100 companies released by London-based accounting company PwC, the tech giant was the only South Korean company on the list with the market value of US$342 billion as of March.

This year’s figure marked a 21 percent decrease from $431 billion a year ago that put the firm at the world’s 15th.

The share price of the chip giant has fallen amid global uncertainties, including monetary belt-tightening to curb inflation, the war in Ukraine, the prolonged COVID-19 pandemic and a strengthening dollar.

Samsung’s share price stood at 69,600 won (US$54.83) on March 31, compared with 81,400 won a year earlier. It has fallen further in recent weeks to a fresh yearly low of 63,800 won on Friday.

Apple Inc. topped the list with $2.85 trillion, followed by Microsoft Corp., Saudi Aramco, Alphabet Inc. and Inc., according to the data.

Taiwan Semiconductor Manufacturing Co. came in 10th, with its market cap reaching $541 billion, up by one notch from a year earlier, the data showed.


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