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14 S. Korean firms make Fortune 500 list

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(Globalpost/GlobalPost)

SEOUL, July 9 (Yonhap) -- Samsung Electronics Co. and 13 other South Korean companies landed on the 2013 Fortune 500 list based on sales for fiscal 2012, up one local business from a year earlier, the online edition of the U.S. business magazine Fortune showed Monday.

Samsung Electronics, the world's leading maker of mobile phones and computer memory chips, ranked 14th on the list, up six notches from the previous year.

SK Holdings, the holding company of SK Group that has the country's top mobile carrier SK Telecom Co. under its wing, rose eight spots from a year earlier to 57th, with Hyundai Motor Co., South Korea's biggest automaker, ranked 104th, up 13 notches.

The list included other South Korean companies such as leading steelmaker POSCO, LG Electronics Inc., Samsung's smaller rival, and Hyundai Heavy Industries Co., the world's largest shipbuilder.

Royal Dutch Shell, Europe's largest oil company, topped the list with revenue of US$481.7 billion, followed by Wal-Mart Stores Inc., the global discount store operator, according to the magazine.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/130709/14-s-korean-firms-make-fortune-500-list