Seven of Top 10 Business Groups Suffer Drop in Market Cap
Market research firm FnGuide reported on Nov. 10 that Samsung Group’s 16 listed subsidiaries posted a market cap of 434,873 billion won on Oct. 31, up 18.6 percent in 10 months. Nine out of the 16 firms posted an increase in market cap whereas seven recorded a decline. Samsung Electronics’ market cap increased by 69,548 billion won (30.06 percent) while those of Samsung Electro-Mechanics and Cheil Worldwide rose 13 percent and 10.99 percent, respectively. On the other hand, those of Samsung Fire & Marine Insurance and Samsung Life Insurance fell 12.08 percent and 18.15 percent, respectively.
SK Group’s market cap totaled 120,997.5 billion won, up 12.05 percent. That of SK Hynix increased from 44,116.9 billion won to 59,696.2 billion won while that of SK Chemical decreased by 31.34 percent.
Hyundai Motor Group’s aggregate market value increased 12 percent to 86,256.3 billion won. Hyundai Wia, Kia Motors and Hyundai Mobis posted an increase of 43.82 percent, 29.73 percent, and 25.96 percent, respectively. Hyundai Rotem’s fell 39.81 percent, Hyundai Steel’s fell 27.73 percent, and Hyundai Engineering & Construction’s fell 19.11 percent.
The combined market cap of LG Group’s 12 listed subsidiaries was 79,915.6 billion won at the end of October, down 1.19 percent in 10 months. Although LG Innotek boosted its market cap by 44.56 percent, LG U+ and LG Display lost 25.07 percent and 23.31 percent, respectively.
Lotte Group’s aggregate market value fell 21.44 percent to 20,839.1 billion won. Hanwha Group lost 24.36 percent, followed by Shinsegae Group (20.09 percent), POSCO Group (10.45 percent), GS Group (7.75 percent), and Hyundai Heavy Industries Group (7.27 percent).