Doing Good Business
As export stocks have been continuously dull compared with domestic stocks due to unstable economic situations abroad, the price earnings (P/E) ratios of the nation’s top 10 groups are also in stark contrast.
According to data about the market capitalization changes of subsidiaries of the top 10 groups this year, GS Group’s market capitalization increased by 27.35 percent, which is the highest figure, followed by Hanwha Group with 25.46 percent, and Lotte Group with 19.84 percent.
These groups’ achievements are largely due to relatively strong domestic stocks. Their subsidiaries focusing on the domestic market showed more than double digit stock price increases and played a vital role in the increase in the market capitalization of the groups. Among the subsidiaries of the GS Group, GS Retail’s market capitalization grew 103.9 percent this year.
For Hanwha Group’s subsidiaries, the figure of Hanwha Galleria Timeworld rapidly increased, as it won business licenses to run new large-scale duty-free shops in downtown Seoul. Among the Lotte Group, the market capitalization of Lotte Foods, Lotte Chilsung, and Lotte Confectionery rose.