World Economic Forum Recognizes 20 Companies from East Asia as Global Growth Companies

  • world economic forumTwenty of the region’s fastest-growing companies have been invited to join the World Economic Forum’s Global Growth Companies community
  • Companies are nominated on the strength of their ability to become future global leaders and are drawn from a broad spectrum of sectors, including financial services, retail, media, chemicals and energy
  • The Global Growth Companies community currently consists of over 360 companies from around the world
  • For more information the World Economic Forum on East Asia 2014:  

Metro Manila, Philippines, 20 May 2014 – The World Economic Forum today announced its selection of Global Growth Companies (GGCs) in East Asia, consisting of 20 of the region’s most dynamic and high-growth companies. These companies are considered trailblazers, shapers and innovators that are committed to improving the state of their region and the world.

GGCs are fast-growing companies with the clear potential to become global economic leaders. The 20 nominated East Asian GGCs represent a broad cross section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship.

The selected companies are: Acleda Bank Plc. (Cambodia); WanaArtha Life (Indonesia); LINE Corporation (Japan); (Japan); Hearts United Group Co., Ltd. (Japan); Cross Company Inc. (Japan); Tokushinkai Group (Japan); Ferrotec Corporation (Japan); Myan Shwe Pyi Tractors Ltd. (Myanmar); Capital Diamond Star Group (Myanmar); Manila Water Company Inc. (Philippines); Banyan Tree Holdings Ltd. (Singapore); ILJIN Group (South Korea); Fila Inc. (South Korea); Humax Electronics Co., Ltd. (South Korea); AA Corporation (Vietnam); The Gioi Di Dong (Vietnam); VNG Corporation (Vietnam); Thien Minh Group (Vietnam); Minh Phu Seafood Corp. (Vietnam).

“The World Economic Forum is proud to recognize these 20 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in East Asia. We look forward to the active and dynamic role they will play at our meeting in Manila, working with the region’s leaders to foster inclusive, sustainable growth in the region,” said David Aikman, Managing Director and Head of New Champions at the World Economic Forum.

Together with the Social Entrepreneurs, Technology Pioneers, Young Global Leaders, Global Shapers and Young Scientists, the GGCs make up the New Champions, a larger World Economic Forum community of pioneers, disruptors and innovators. Nomination as a GGC provides companies with an opportunity to join the larger GGC community of over 360 companies worldwide. These companies contribute to the Forum’s meetings, projects and knowledge products, which in turn support them on their path to achieving responsible and sustainable growth.

Individuals with a strong understanding of companies that might qualify as a Global Growth Company are invited to submit nominations or encourage companies to nominate themselves for the 2015 selection process.

The 23rd World Economic Forum on East Asia, hosted with the support of the Government of the Philippines, will  take place in Manila on 21-23 May 2014. The theme of the meeting is Leveraging Growth for Equitable Progress.

The Co-Chairs of the World Economic Forum on East Asia are: Yolanda Kakabadse Navarro, President, World Wide Fund for Nature (WWF), Switzerland; Takeshi Niinami, Chief Executive Officer and Representative Director, Lawson, Japan; Atsutoshi Nishida, Chairman of the Board, Toshiba Corporation, Japan; James T. Riady, Chief Executive Officer, Lippo Group, Indonesia; and Hamish Tyrwhitt, Chief Executive Officer, Leighton Holdings, Australia.