November 15, 2019 08:32
The number of Korean companies in the world's top 500 by market capitalization has fallen to two.
The Korea Exchange said on Thursday that Samsung Electronics ranks 20th with a market cap of US$268 billion, while SK Hynix is at No. 267 with $52 billion. At the end of 2010, eight Korean companies were included in the top 500.
Analysts attribute the fall to a shift in industrial structure from manufacturing to information technology, as well as Korea's high dependence on exports.
Apple is the most valuable company with a market cap of $1.2 trillion, followed by Microsoft with $1.1 trillion and Google's parent company Alphabet with $903.7 billion.
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