Share Price Gap Grows Between Top-5 Korean Conglomerates

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Share Price Gap Grows Between Top-5 Korean Conglomerates

The gap in the total sum of share prices between the top-five Korean conglomerates, or chaebol, is expanding rapidly since the second half of last year.
This gap is due to institutional and foreign investors's, along with individual investors, focusing on mainly buying large blue chip stocks.
According to the Korea Stock Exchange, Samsung group recorded 29.48 trillion won in total sum of its share prices as of April 28, the largest of all Korean chaebol groups. Daewoo group finished fifth at 6.4 trillion won.
This gap is over five times greater than that between Samsung and SK groups' total share prices recorded in December 1997, when the Korean foreign exchange crisis started.
The share price of Samsung rose the most - 341 percent to 29.4833 trillion won as of April 28 from 8.6271 trillion recorded last September. Whereas, Daewoo only increased to 6.462 trillion won from 2.8953 trillion won during the same period.
Jangsoo Seo:jsbee@joongang.co.kr
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