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S. Korea's top 10 companies account for over half of market value

All Headlines 11:56 July 09, 2017

SEOUL, July 9 (Yonhap) -- South Korea's 10 biggest family-owned conglomerates accounted for more than half of market capitalization last week, the main bourse operator said Sunday.

As of Thursday, the combined market capitalization of the country's top 10 chaebol, including Samsung Group, Hyundai Motor Group and SK Group, reached 907.2 trillion won (US$785.8 billion), or 51.33 percent of total market value worth 1,767.3 trillion won, the Korea Exchange (KRX) said in a statement.

The ratio was up from 49.73 percent, or 750.9 trillion won, at the end of December, it said.

So far this year, the market value of the top 10 conglomerates has increased more than 20 percent, exceeding the overall stock market's 17 percent gain, the KRX said.

Samsung Electronics Co. and SK hynix Inc., the world's two biggest chipmakers, were among major contributors of the surge.

Helped by strong global demand for semiconductors, Samsung Electronics jumped 33 percent and SK hynix soared 49 percent this year through Friday.

kyongae.choi@yna.co.kr
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