Seoul: 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 Yonhap News Agency, the report from the Korea CXO Institute, a corporate data firm, revealed that Samsung Electronics has consistently ranked first in terms of sales every year since 2002. The analysis excluded financial firms and companies that changed ownership due to management difficulties.
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 have experienced significant growth over the period, increasing from 1.36 trillion won (US$928 million) in 1984 to 170.4 trillion won in 2023.
Additionally, the report highlighted that Samsung Electronics and six other firms have maintained a place in the top 50 every year for the entire 40-year period. These companies include Hyundai Motor Co., LG Electronics Inc., Samsung C and T Corp., LG Chem Ltd., Hyundai Engineering and Construction Co., and Korean Air Co.
Samsung C and T led the rankings 14 times between 1985 and 2001, while Hyundai Motor has consistently remained in the top three in recent years, according to the report.