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Top 10 conglomerates' market cap up 5.13 pct since Brexit

All News 09:22 July 16, 2016

SEOUL, July 16 (Yonhap) -- South Korea's top 10 conglomerates saw their market capitalization advance 5.13 percent since Britain's decision to leave the European Union (EU), market data showed Saturday, with No. 1 Samsung Group leading the gain.

According to the data compiled by industry tracker Chaebul.com, the market cap of the listed firms under the country's top business groups came to 654.8 trillion won (US$576 billion) as of Thursday, up 31.9 trillion won since June 24, when Britain voted on leaving the EU.

By conglomerates, Samsung Group saw its market cap reach 315.6 trillion won, up 6.47 percent over the cited period. The gain was attributable to the strong performance of Samsung Electronics Co.

LG Group and SK Group also saw their market cap move up 5.3 trillion won and 3.7 trillion won, respectively, to 76.5 trillion won and 79 trillion won, the data also showed.

The market cap of Lotte Group, which has been embroiled in corruption allegations, managed to edge up 495.7 billion won to 23.6 trillion won.


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