The combined market capitalization of South Korea’s 10 largest conglomerates and their affiliates has shrunk 6.88 percent this year from the end of last year, data showed Monday.
The market cap of the 10 conglomerates, including Samsung and Hyundai Motor, totaled 636.23 trillion won ($571.12 billion) as of Nov. 3, down from 683.22 trillion won as of end-2010, according to the data by the Korea Exchange.
Nine of the 10 conglomerates saw their market cap fall amid economic uncertainties in the eurozone and the United States.
The figure for Samsung Group slipped 5.77 percent, while that of top steelmaker POSCO slumped 20.32 percent.
Hyundai Heavy Industries Group’s market cap also plunged 37.42 percent and LG Group’s market cap tumbled 26.02 percent.
In contrast, top automaker Hyundai Motor Group saw its market cap jump 24.01 percent over the cited period, the data showed.
The market cap of the 10 biggest conglomerates and their affiliates accounted for 54.79 percent of the total stock market cap, compared with 55.10 percent at the end of last year, according to the data.
(Yonhap News)
