Forbes has released its 2018 list of the most innovative companies in the world, including Naver Celltrion, ranked 9th out of 14 in a total of 4 Korean companies.
Naver, the nation’s largest search engine and Internet portal, ranked 10th over Facebook. Celltrion is a biopharmaceutical company that currently develops and distributes the world’s most vibrant drugs.
Other Korean companies include cosmetics company Amore Pacific (18), 27th and LG Life & Health.
Each year Forbes makes a list of the most innovative companies in the world based on the company’s innovation premium, the difference between the market capitalization and the net present value of the existing business’ cash flows, and the ability to innovate now and in the future. .