SEOUL, Oct. 8 (Xinhua) -- The market capitalization of the top 10 conglomerates in South Korea plunged 24.4 percent from January to Oct. 6, Korea Times said Wednesday quoting the report from the Korea Exchange (KRX).
According to the KRX, the 10 biggest conglomerates lost 105.8 trillion won (79.4 billion U.S. dollars) in the capital market in the nine months period, while the overall value of the Korean stock market fell by 28.4 percent to 752.8 trillion won (565.0 billion U.S. dollars).
Out of 10 companies, GS Group suffered from the greatest lost, with its aggregate value shrinking 48.6 percent to 6.9 trillion won (5.2 billion U.S. dollars) since the beginning of the year, the KRX report showed.
The lost is mainly attributed to GS and GS Construction, its two leading affiliates, which lost an average 51.1 percent each.
Hyundai-Kia Automotive Group market value dropped 5.8 percent to 38.6 trillion (29.0 billion U.S. dollars) won posting the least capital erosion, thanks to exchange rate advantages and gains from new products, it showed.
Two Hyundai affiliates, Kia Motors and HMC Investment Securities, grew 34.7 percent and 81.3 percent each leading Hyundai's momentum, according to the report.
Hyundai's auto parts and logistic units, Hyundai Mobis and Glovis, also expanded 6.4 percent and 2.8 percent, respectively.
Meanwhile, the report showed the market value of Samsung Group,the country's No.1 conglomerate dropped 14.3 percent to 137 trillion won (102.8 billion U.S. dollars).
