Market Cap of Listed Companies Drops in H1

Korea CXO Institute announced on July 13 that the combined market cap of 2,441 companies listed in South Korea dropped from 2,575 trillion won to 2,095 trillion won in the first half of this year and more than 80 percent of the companies showed a decrease in market cap in that period.

“With the stock market plunging, the number of listed companies with a market cap of more than one trillion won dropped from 288 to 226,” it said, adding, “The market cap of Samsung Electronics fell from 469 trillion won to 340 trillion won, those of SK Hynix and Naver fell approximately 20 trillion won each, and those of Kakao, Kakao Pay, Kakao Bank and Krafton decreased by approximately 10 trillion won each.”

On the other hand, Korea Aerospace Industries increased its market cap by 63.45 percent to 5.2441 trillion won in that period, when those of Taihan Cable & Solution, Caregen and Hyundai Heavy Industries increased 48.9 percent, 47.1 percent and 46.5 percent, respectively.

A total of eight listed companies, including LG Energy Solution, put their names on the top 100 list in the first half of this year. For example, OCI jumped from 141st to 92nd and BGF Retail rose from 140th to 95th. Hyundai Mipo Dockyard, Pan Ocean and Hanmi Pharmaceutical rose from 124th to 88th, from 118th to 97th and from 101st to 85th, respectively.