KT Corporation ranks No. 397 on FORTUNE's list of the World's Largest Companies

(Fortune) -- KT Corporation (Charts) ranks no. 397 on FORTUNE's Global 500 this year, with $16.7 billion in revenues, up 12.4% from the previous year. The Seongnam, South Korea-based company was ranked no. 414 on the 2005 list. Its 2005 profits were $1.0 billion, down 8.3% from a year earlier.

2005 was a banner year for most Global 500 companies. It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP. In the Telecommunications industry, profits were up 6% from the previous year.

The world's biggest companies in the sector are: Nippon Telegraph & Telephone Corporation (Charts), ranked no. 24 on the Global 500 with $94.9 billion in revenues; and Verizon Communications (Charts), ranked no. 50 on the Global 500 with $75.1 billion in revenues; and Deutsche Telekom AG (Charts), ranked no. 54 on the Global 500 with $74.1 billion in revenues; and Vodafone (Charts), ranked no. 66 on the Global 500 with $65.3 billion in revenues; and France Tネlネcom (Charts), ranked no. 71 on the Global 500 with $60.9 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

Next: Full list: 2006 Global 500 at //money.cnn.com/global500

Plus: See KT Corporation's Global 500 details, including financial stats and contact information. Top of page

Next: See 2006 FORTUNE Global 500

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: テつゥ 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices テつゥ S&P Dow Jones Indices LLC 2018 and/or its affiliates.