Sam­sung ranks 3rd on global dig­i­tal lead­ers list

The Korea Times - - BUSINESS - By Baek Byung-yeul [email protected]­re­atimes.co.kr

Sam­sung Elec­tron­ics ranked third in the Forbes 2019 top 100 dig­i­tal com­pa­nies’ rank­ings, edg­ing out global IT gi­ants Google and In­tel, ac­cord­ing to the U.S. busi­ness magazine, Sun­day. Sam­sung is be­hind only Ap­ple and Mi­crosoft.

Google hold­ing com­pany Al­pha­bet and AT&T were fourth and fifth, fol­lowed by Ama­zon, Ver­i­zon, China Mo­bile, Walt Dis­ney and Alibaba.

The Korean tech gi­ant did not make the top 10 in 2018.

To make the list, Forbes nar­rowed down its prospect list from its Global 2000, the an­nual rank­ing of the world’s big­gest com­pa­nies. Com­pa­nies — se­lected in the tech­nol­ogy, me­dial, dig­i­tal re­tail and telecom­mu­ni­ca­tion sec­tors — were scored on a va­ri­ety of fac­tors such as sales, prof­its, as­sets growth and stock per­for­mance.

Forbes said Sam­sung “en­gages in the man­u­fac­tur­ing and sell­ing of elec­tron­ics and com­puter pe­riph­er­als.”

Other than Sam­sung Elec­tron­ics, three Korean com­pa­nies were on the list. SK hynix, a semi­con­duc­tor-mak­ing arm of SK Group, was 28th, fol­lowed by SK Hold­ings — the SK Group hold­ing com­pany — at 60th and SK Tele­com at 67th.

By coun­try, Korea shared fourth place along with the Nether­lands, list­ing four com­pa­nies on the top 100 list, fol­low­ing the United States with 38 com­pa­nies, Ja­pan with 13 and China with nine.

In May, Sam­sung ranked sev­enth in Forbes’ world’s most valu­able brands 2019. The brand value was es­ti­mated at $53.1, up 11 per­cent year-on-year.

Korea Times file

Sam­sung Elec­tron­ics’ Seo­cho of­fice in Seoul

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