LG Corp. ranks 10th place in 'World’s Best Employers 2017'

LG Corp. ranks 10th place in 'World’s Best Employers 2017'. October. 16, 2017 07:48. by Jae-Hee Kim jetti@donga.com. LG Corp. took 10th place in Forbes’ list of “World’s Best Employers,” ranking the top among domestic corporations. According to the results by Forbes, which ranked 500 companies, 18 Korean firms including four and five affiliates of LG and Samsung, respectively, were among the 500. The first place was granted to “Alphabet,” the parent company of Google.

On Sunday (local time), Forbes announced top 500 best employers of the world, which targeted global corporations. This list was based on Forbes’ 2017 Global 2000 rankings that considered each company’s sales, profit, asset and total market value. More than 36,000 surveys based on 2,000 corporations were analyzed by Statista, a German market survey organization, and singled out 500 companies. The survey asked employees to rate their own employer, recommend other employers they admired, and the likelihood they would recommend the company to a friend or family member. The specific contents, method of assessment and its scope were not made public.

LG Corp. is the only domestic company to have its name in the top 10. As holding companies, Alphabet, Japan Exchange Group (JPX), Daimler and Noble Energy took a spot in top 10 corporations. “LG Corp. is a company that does not have a separate business to generate profits. It creates profits through dividends of affiliates and brand royalties, etc.,” said a person from the electronics field. “LG Corp. received a positive assessment as the financial soundness of its affiliates is strong.”

The company is analyzed that the high per-employee profitability of LG Corp. with only 117 employees, also took a role in receiving a positive assessment. It has been known that the executives and staff of LG Corp. did not participate in Forbes’ surveys this time.