Korea's Top 10 Conglomerates Lose $830 Billion in a Month as Kospi Plunges and Samsung, SK Chip Rout Deepens
4 Articles
4 Articles
The market capitalization of Korea's top 10 conglomerates plummeted by 1,101 trillion won in just one month due to the decline in the KOSPI and concerns over the profitability of AI investments. SK Group saw the largest drop, falling by 30%, while Samsung and HD Hyundai also recorded declines in the 20% range. In contrast, LG Group showed a relatively lower rate of decline, driven by demand related to ESS.
(Seoul = Yonhap News) Reporter Kwak Yun-ah = Due to the sharp drop in the KOSPI, the market capitalization of Korea's top 10 groups has evaporated by more than 1,100 trillion won this month alone.
Korea's Top 10 Conglomerates Lose $830 Billion in a Month as Kospi Plunges and Samsung, SK Chip Rout Deepens
South Korea's 10 largest business groups lost about 1,101 trillion won in market value as semiconductor shares plunged amid a global retreat from AI-related stocks.
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