Forbes’ ranking of global businesses… Samsung Electronics ranks 21st, down 7 steps.

Samsung Electronics has fallen out of the top 20 in the global ranking of listed companies released by the leading U.S. economic magazine Forbes. On the other hand, Hyundai Motor has entered the top 100.

According to the industry on the 17th, Forbes annually announces the ‘Global 2000,’ which ranks 2000 major companies worldwide by evaluating their revenue, net profit, assets, market capitalization, and other factors.

In this evaluation, Samsung Electronics recorded 28th in revenue, 43rd in net profit, 122nd in assets, and 23rd in market value, falling to 21st place, a decrease of 7 steps compared to the previous year (14th). This is interpreted as being influenced by the nearly 1.5 trillion won deficit incurred only in the semiconductor business due to the global economic downturn last year.

Among domestic companies, other than Samsung Electronics, Hyundai Motor has climbed 11 steps from the previous year (104th) to rank 93rd. In addition, Kia (234th), KB Financial (250th), Shinhan Financial (304th), Hana Financial (411th), POSCO (412th), Hyundai Mobis (465th), Samsung C&T (493rd), and others were included in the top 500.

Looking at the overall rankings, financial companies from the U.S. and China dominate the top positions. JPMorgan Chase from the U.S. maintained its first place from the previous year. Berkshire Hathaway was in second place, followed by Saudi Aramco, China’s ICBC, Bank of America (BoA), Amazon, China Construction Bank, Microsoft, Agricultural Bank of China, Alphabet, and Toyota from Japan.

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