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Eight Korean firms make Forbes list of 'Asia's Fab 50 Companies'
September 28, 2005
Forbes, an American financial magazine, included eight Korean firms on the list of "Asia's Fab 50 Companies" in its October issue.
Statistical criteria for designation of the fabulous 50 were companies with at least $5 billion in revenue or market value as of Aug. 31 this year, long-term profitability, sales and earnings growth along with projected earnings and stock-price gains.
South Korean companies included on the list are Hanjin Shipping, Shinsegae, LG Electronics, Hyundai Motor, SK Telecom, Posco and Samsung Electronics.
Selected 13 Japanese companies include Kawasaki Heavy Industries, Yamada Denki, Fast Retailing, Keyence, Nitto Denko, Eisai, Hoya, Yahoo Japan, Matsushita Electric Industrial, Nissan Motor and Toyota Motor.
Eight Taiwanese firms are Ben Q, Lite-On Technology, Compal electronics, Acer, Media Tek, Formosa Plastics, Hon Hai Precision Industry and Taiwan Semiconductor.
Among 10 Australian companies are Qantas Airways, Brambles Group, Macquarie Bank, QBE Insurance Group and Westfarmers.
Only one Chinese company, PetroChina, was picked, while six firms of Hong Kong including Lenovo Group, Li & Fung, Esprit Holdings, China Unicom, Cnooc and China Mobile (HK) were chosen.
Three Indian companies were listed - Icici Bank, Wipro and Infosys Technologies and one Thailand firm, Advanced Info Service.
Big companies like Japan's Sony, Honda, Toshiba and Li Ka-Shing Foundation of Hong Kong were excluded.