Large Conglomerates Lose 328 Trillion in Market Cap This Year... Samsung Loses 130 Trillion

Analysis of Market Capitalization for 303 Listed Companies in 70 Groups
Kakao, Naver, and Others Plunge Over 50%

[Asia Economy Reporter Han Yeju] The market capitalization (market cap) of listed subsidiaries of major domestic conglomerates has evaporated by as much as 328 trillion KRW compared to the beginning of the year. Samsung Group's market cap decreased by about 130 trillion KRW over 10 months. Technology stocks such as Kakao and Naver saw their market caps plunge by more than 50% in about 10 months.

On the 1st, Leaders Index, a corporate analysis research institute, analyzed the market caps of 303 listed companies from 70 groups out of 76 major conglomerates. As of the 28th of last month, the market cap of these companies was recorded at 1,458.09 trillion KRW. Compared to the beginning of the year (January 3), this is a decrease of 328.6421 trillion KRW (-18.4%). Among the 70 major conglomerates, 55 saw their market caps decrease, while 15 saw increases.

During the same period, the total market cap of all companies listed on the KOSPI fell from 2,664.6935 trillion KRW to 2,111.1838 trillion KRW, a decrease of 553.5097 trillion KRW (-20.8%).

The top market cap by conglomerate was Samsung Group. The market cap of Samsung's 16 listed companies decreased by 129.3579 trillion KRW (-19.3%), from 671.1624 trillion KRW at the beginning of the year to 541.8045 trillion KRW.

Among the 16 listed companies, 10 saw their market caps decline, including Samsung Electronics (-127.1563 trillion KRW, -27.1%), Samsung Electro-Mechanics (-5.714 trillion KRW, -39.3%), and Samsung SDS (-2.6695 trillion KRW, -22.0%). Meanwhile, 6 companies saw their market caps increase, including Samsung SDI (5.2948 trillion KRW, 11.8%), Samsung Biologics (2.0721 trillion KRW, 3.4%), and Samsung Life Insurance (58 billion KRW, 4.5%).

LG Group ranked second. The market cap of LG Group's 11 listed companies is 218.1288 trillion KRW. LG Group rose from 4th place at the beginning of the year to 2nd place. Although LG's market cap decreased by about 5 trillion KRW due to the spin-off of LX Group last year, the listing of LG Energy Solution added 124.488 trillion KRW, pushing LG's market cap over 200 trillion KRW. However, the market caps of 10 LG Group listed companies, including LG Household & Health Care (-9.3709 trillion KRW, -54.3%), LG Electronics (-9.7534 trillion KRW, -42.7%), and LG Display (-4.3832 trillion KRW, -49.6%), all declined.

Third place went to SK Group (20 listed companies with a market cap of 132.3414 trillion KRW), and fourth place to Hyundai Motor Group (10 listed companies with a market cap of 105.6177 trillion KRW). The market caps of SK Group and Hyundai Motor Group decreased by 77.5565 trillion KRW (-36.9%) and 24.2415 trillion KRW (-18.7%), respectively, compared to the beginning of the year.

Fifth place was taken by POSCO Group. The market cap of POSCO Group's six listed subsidiaries was 40.2122 trillion KRW, an increase from 39.9912 trillion KRW at the beginning of the year. In particular, the market cap of POSCO Chemical, a secondary battery materials company, rose by 39.4% compared to the beginning of the year, boosting the overall market cap of POSCO Group.

Kakao Group fell two places from 5th to 7th. The market cap of Kakao Group's five listed subsidiaries plummeted by a staggering 73.1473 trillion KRW (66.2%), from 110.5376 trillion KRW at the beginning of the year to 37.3903 trillion KRW. Naver's market cap also plunged by 35.4346 trillion KRW (-57.4%), from 61.6824 trillion KRW to 26.2478 trillion KRW, pushing its ranking down from 6th to 9th.

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