Top 10 Korean Businesses' Market Cap Shrinks

  • Arirang News

    November 27, 2018 09:13

    The market value of Korea's top 10 businesses shrank this year by US$173 billion.

    According to the Korea Exchange on Monday, their combined market cap came to $729 billion as of last Friday, down 19.2 percent from last year. Their proportion of total market cap also fell 1.6 percent on-year to 51.3 percent.

    Korea's key businesses including Samsung all lost value in the double digits. The market caps of Hanwha and Hyundai Motor plunged nearly 35 percent and 30 percent.

    The one exception was Hyundai Heavy Industries, whose value went up 3.9 percent.

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