Samsung Group Stocks Market Cap Surpasses 700 Trillion Won for the First Time... 1.3 Times Next Year's National Budget

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The total market capitalization of Samsung Group stocks listed on the domestic stock market has surpassed 700 trillion won for the first time in history. It has increased by more than 200 trillion won this year alone.

According to the financial investment industry on the 27th, as of the 24th, the market capitalization of 23 Samsung Group stocks (including preferred shares) listed on the KOSPI and KOSDAQ markets was calculated at 719.13 trillion won.

This is the first time that the total market capitalization of a single group in South Korea has exceeded 700 trillion won. The market capitalization of Samsung Group stocks is 1.3 times the size of next year's total national budget (556 trillion won) and more than four times that of SK, which ranks second in group stock market capitalization at 171.261 trillion won.

At the end of last year, the market capitalization of Samsung Group stocks (514.112 trillion won) was similar to this year's national budget (512 trillion won, excluding supplementary budget), but after one year, the current market capitalization has greatly exceeded next year's budget. It has grown by 39.9% (205.018 trillion won) compared to the end of last year, increasing by more than 200 trillion won this year alone.

Compared to March 19, when the KOSPI was at its lowest point this year due to the COVID-19 panic (382.596 trillion won), it has increased by 88.0% (336.534 trillion won). In particular, it surged by 28.0% (157.036 trillion won) in just two months after the passing of Chairman Lee Kun-hee on October 25 (561.824 trillion won).

This content was produced with the assistance of AI translation services.