South Korea’s top 10 conglomerates saw their stock market capitalization edge down this year, as market heavyweights such as Samsung Electronics Co. and POSCO remained lackluster amid a bearish run on the local stock market, industry data showed on Wednesday.
The combined market capitalization of affiliates under their wings stood at 726 trillion won ($717 billion) as of Thursday, down 0.63 percent from the start of this year, according to the data.
The decline was largely attributed to a slump in Samsung Electronics, the country’s largest company by market cap, and other major companies. During the cited period, the country’s key stock index, the KOSPI, rose to 2,010.97 points from 1,967.19 points. (Yonhap)
