Samsung Electronics' Market Cap Drops 120 Trillion Won in Q3... Hyundai Motor, Kia, and SK Hynix Also Underperform

CXO Research Institute Q3 Stock Market Capitalization Changes
7 out of 10 Companies Show Market Cap Decrease... LG EnSol and Samsung Bio Increase

Samsung Electronics' market capitalization in the third quarter (July to September) decreased by approximately 120 trillion KRW. Major companies such as SK Hynix, Hyundai Motor, and Kia also saw their market caps drop by more than 10 trillion KRW. Among about 2,700 listed companies, market capitalization decreased in about 7 out of 10 cases. LG Energy Solution and Samsung Biologics increased their market caps by more than 10 trillion KRW.

The Samsung flag is fluttering in the wind at the Samsung Electronics Seocho Building in Seocho-gu, Seoul, on July 5th.
[Photo by Yonhap News]

According to the analysis of the third quarter domestic stock market capitalization changes released on the 7th by Korea CXO Research Institute, a corporate analysis specialist, out of 2,720 listed companies (excluding preferred stocks), 1,924 companies (70.7%) experienced a decrease in market capitalization. The total market capitalization was 2,432 trillion KRW, down 7.2% from 2,621 trillion KRW at the end of June. The number of companies with market capitalization exceeding 1 trillion KRW, the so-called '1 trillion club,' also decreased by 14 companies (5.1%) from 273 at the end of June to 259.

Samsung Electronics' market capitalization decreased by about 120 trillion KRW. It dropped from 486.5372 trillion KRW at the end of June to 367.1416 trillion KRW at the end of last month, a decrease of 119.3956 trillion KRW (24.5%). There were 23 other companies whose market capitalization decreased by more than 1 trillion KRW. SK Hynix (-45.0633 trillion KRW), Kia (-11.7558 trillion KRW), Hyundai Motor (-10.6802 trillion KRW), and others saw their market caps decrease by more than 10 trillion KRW in the third quarter.

LG Energy Solution's market capitalization increased by about 20 trillion KRW. It rose from 76.401 trillion KRW at the end of June to 96.993 trillion KRW at the end of last month, an increase of 20.592 trillion KRW (27%). Samsung Biologics' market cap also increased from 51.7434 trillion KRW to 69.5369 trillion KRW during the same period, a rise of 17.7935 trillion KRW (34.4%). There were 21 stocks whose market capitalization increased by more than 1 trillion KRW in the third quarter. Yuhan Corporation (4.9488 trillion KRW), Celltrion (4.584 trillion KRW), Shinhan Financial Group (3.744 trillion KRW), HL Biopharma (3.5831 trillion KRW), Korea Zinc (3.5816 trillion KRW), Meritz Financial Group (3.4329 trillion KRW), and EcoPro BM (3.0391 trillion KRW) each saw their market caps increase by more than 3 trillion KRW.

The rankings of the top market capitalization stocks fluctuated. Shinhan Financial Group rose two places from 12th at the end of June to 10th at the end of last month, entering the top 10. Naver slipped from 10th to 11th. In the top 20, Samsung Life Insurance (17th), Meritz Financial Group (18th), and Alteogen (20th) newly entered, while LG Electronics (21st), Samsung Fire & Marine Insurance (25th), and Kakao (26th) dropped out. Kakao fell from 14th at the beginning of the year to 26th in the third quarter. Expanding the range to the top 100, Hanmi Pharmaceutical (92nd), HD Hyundai Mipo (97th), and Samsung Securities (100th) entered the top 100. Samsung Securities entered the top 100 for the first time this year.

Companies with significant rank increases included Hanjin KAL (from 93rd to 64th), Hyundai Rotem (from 89th to 63rd), and Mirae Asset Securities (from 92nd to 72nd). Korea Zinc, which has recently been at the center of a management dispute, rose sharply to 27th at the end of last month, entering the top 30. It jumped from 47th at the end of March and 46th at the end of June.

The company with the highest market capitalization growth rate was Voronoi, a Kosdaq-listed new drug development company. Its market cap increased from 868.5 billion KRW at the end of June to 1.7551 trillion KRW at the end of last month, an increase of 886.5 billion KRW (102.1%). The stock wealth of the company's largest shareholder and CEO Kim Hyun-tae also doubled from 323.9 billion KRW to 643.3 billion KRW during the same period. Other companies with market cap growth rates between 50% and 100% included Yuhan Corporation (76.3%) and Daewoong Pharmaceutical (52.6%).