Samsung Group’s market capitalization has dropped by over 160 trillion won ($110 billion) this year, weighed down by a steep decline in Samsung Electronics’ share price and broader weakness across the conglomerate’s listed affiliates.
The combined market capitalization of Samsung Group’s 22 listed companies stood at 548.44 trillion won as of Dec. 26, down 22.7% (161.25 trillion won) from 709.69 trillion won at the end of last year, according to the financial market on Dec. 29.
The group’s share in the domestic stock market also fell to 27.57%, down from its 38% peak in early January 2021. After remaining in the 30% range for over two years, the group’s share slipped below 30% in the second half of this year.
Samsung Electronics, the group’s crown jewel and Korea’s largest publicly traded company, led the downturn. The tech giant’s share plunged nearly 32% this year. Fourteen other affiliates suffered losses, including Samsung SDI (-47.66%), Samsung E&A (-42.68%), Hotel Shilla (-42.58%), and Samsung SDS (-23.94%).
The slump has also affected Samsung-themed exchange-traded funds (ETFs). The KODEX Samsung Group Value ETF, which tracks Samsung Group-affiliated stocks, has fallen 14.15% year-to-date.
