Korea’s Growth Champions 2024
In partnership with The Korea Economic Daily, Statista identified Korea’s growth champions. The list ranks 150 Korean companies with the strongest revenue growth between 2019 and 2022.
- Clear and detailed methodology
- Segmented by states and industry
Korea’s Growth Champions 2024
About the project
Korea’s Growth Champions 2024 is a list of the Top 150 companies based in South Korea that have achieved the highest growth rate in revenues between 2019 and 2022. The annual high-profile list compiled by Statista and the Korea Economic Daily is a visible and public acknowledgement of fast-growing companies in South Korea, which is published online and as a supplement within the print version of the Korea Economic Daily newspaper.
Minimum CAGR to be included
calculation of growth rates
The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency. For better comparability in the ranking the revenue figures were concerned into US dollars. The average rate for the financial year indicated by the company was used for this purpose.
The compound annual growth rate (CAGR) was calculated as follows:
How we work
The employee surveys conducted by Statista R are carried out independently of the potentially awarded employer brands. This reduces distortion of the results that could arise from non-anonymous surveys (e.g. social desirability in response behavior). The focus on willingness to recommend and on general questions about working conditions allows for comparability across heterogeneous sectors.
For data collection, Statista R programs detailed online questionnaires that ask survey participants about work-related topics. Statista R works with leading online access panels worldwide to identify suitable participants. During the survey, the incoming evaluations are checked for quality & validity (interview length, variances, inconsistencies) and sorted accordingly.
For the evaluation, Statista R applies a scoring model that primarily relies on the direct and indirect evaluation of the respondents. This includes both the evaluation of the respondent’s own employer as well as the evaluation of other employers from the same industry.
For each potential award-winning employer brand, the number of employees and the headquarters in the respective country are researched. This step serves as quality assurance and is presented as information in the publication.
Our reliable partner
The Korea Economic Daily, the predecessor to the Hankyung Media Group, was created with the corporate mission of nurturing liberal democracy and a market economy on the peninsula. Its large magnitude of readership is thanks to the high-quality news and information. With providing responsible and reasonable criticism on government policies as well as practical solutions, the newspaper stays ahead in building trusts from opinion leaders.