Korea's top 10 business groups see market capitalization slide 20% this year
- 5 years ago
South Korea's top ten business groups have seen their market capitalization slide by 20-percent this year.
According to corporate tracker Chaebul-dot-com on Thursday..., the market cap of Korea's top 10 large conglomerates, including Samsung and LG,... was around 6-hundred-88-point-nine billion U.S. dollars as of Wednesday.
This is 20-percent less than the end of last year, when the top conglomerates had a market cap of around 8-hundred-62-point-2 billion dollars.
The sharp decrease comes after the fall in stock prices of Samsung's affiliates, including tech giant Samsung Electronics.
Analysts say one of the biggest reasons for the downward trend is concern over the slowdown in the DRAM market.
According to corporate tracker Chaebul-dot-com on Thursday..., the market cap of Korea's top 10 large conglomerates, including Samsung and LG,... was around 6-hundred-88-point-nine billion U.S. dollars as of Wednesday.
This is 20-percent less than the end of last year, when the top conglomerates had a market cap of around 8-hundred-62-point-2 billion dollars.
The sharp decrease comes after the fall in stock prices of Samsung's affiliates, including tech giant Samsung Electronics.
Analysts say one of the biggest reasons for the downward trend is concern over the slowdown in the DRAM market.