ID :
190638
Thu, 06/23/2011 - 11:43
Auther :
Shortlink :
https://oananews.org//node/190638
The shortlink copeid
Owner families of top groups see jump in stock value
(ATTN: CHANGES paras 5-6)
SEOUL, June 23 (Yonhap) -- Owner families of South Korea's 10 largest conglomerates have seen the value of their stakes in listed affiliates grow more than two-fold over the last four years, data showed Thursday.
Owner families' stakes were valued at 50.7 trillion won (US$47.1 billion) as of end-April, compared with 20.4 trillion won in the same month in 2007, according to the data by the Korea Exchange (KRX).
In the cited period, the value of stakes held by the conglomerate owners grew more than three-fold to 28.4 trillion won from 8.9 trillion won, the data showed.
The surge came as owner families increased their shares through new listings and the establishment of holding companies, the KRX said.
Samsung Group, the country's top conglomerate by market capitalization, saw its stock value more than double between 2007-2011, helped by new listings of its financial affiliates -- Samsung Life Insurance Co. and Samsung Card Co. Samsung Life Insurance debuted on the main KOSPI index in May 2010 and Samsung Card went public in June 2007.
Hanjin Group, the parent of top air carrier Korean Air Lines Co., saw its stock value grow around 1.5-fold after setting up a holding company.
The data comes amid a rise in the top 10 conglomerates' stakes in the South Korean stock market. As of end-April, their market capitalization accounted for 56 percent of the main KOSPI index, up from 41 percent in 2007, the data showed.
mil@yna.co.kr
SEOUL, June 23 (Yonhap) -- Owner families of South Korea's 10 largest conglomerates have seen the value of their stakes in listed affiliates grow more than two-fold over the last four years, data showed Thursday.
Owner families' stakes were valued at 50.7 trillion won (US$47.1 billion) as of end-April, compared with 20.4 trillion won in the same month in 2007, according to the data by the Korea Exchange (KRX).
In the cited period, the value of stakes held by the conglomerate owners grew more than three-fold to 28.4 trillion won from 8.9 trillion won, the data showed.
The surge came as owner families increased their shares through new listings and the establishment of holding companies, the KRX said.
Samsung Group, the country's top conglomerate by market capitalization, saw its stock value more than double between 2007-2011, helped by new listings of its financial affiliates -- Samsung Life Insurance Co. and Samsung Card Co. Samsung Life Insurance debuted on the main KOSPI index in May 2010 and Samsung Card went public in June 2007.
Hanjin Group, the parent of top air carrier Korean Air Lines Co., saw its stock value grow around 1.5-fold after setting up a holding company.
The data comes amid a rise in the top 10 conglomerates' stakes in the South Korean stock market. As of end-April, their market capitalization accounted for 56 percent of the main KOSPI index, up from 41 percent in 2007, the data showed.
mil@yna.co.kr
