The file photo from April 16, 2024, shows the company flag of Samsung Electronics Co. hoisted in front of its headquarters in Seoul. (Image courtesy of Yonhap)
SEOUL, March 24 (Korea Bizwire) — Samsung Electronics Co. has held the No. 1 spot in annual sales among South Korean companies for 22 consecutive years from 2002 to 2023, an industry analysis report showed Monday.
According to the report from the Korea CXO Institute, a corporate data firm, Samsung Electronics was found to have ranked first in terms of sales every year since 2002.
The institute also excluded financial firms and companies that changed ownership due to management difficulties in its analysis.
The report is based on an analysis of changes in the top 50 listed companies by annual sales from 1984 to 2023.
Samsung Electronics’ sales grew exponentially during the period, from 1.36 trillion won (US$928 million) in 1984 to 170.4 trillion won in 2023.
According to the report, Samsung Electronics and six other firms have maintained a place in the top 50 every year for the entire 40-year period.
The others are Hyundai Motor Co., LG Electronics Inc., Samsung C&T Corp., LG Chem Ltd., Hyundai Engineering & Construction Co. and Korean Air Co.
Samsung C&T led the rankings 14 times between 1985 and 2001, while Hyundai Motor has consistently remained in the top three in recent years, the report showed.
(Yonhap)
