Hyundai Motor Group's market capitalization jumps

SEOUL, Oct. 4 (Yonhap) -- The market capitalization of Hyundai Motor Group has
risen the most sharply so far this year among South Korea's 10 largest
conglomerates on its solid earnings, the bourse operator said Sunday.

The group, including top automaker Hyundai Motor Co., saw its total market value
reach 63.1 trillion won (US$53.7 billion) as of the end of September, up 172
percent from the end of last year, according to the Korea Exchange (KRX). Its
growth rate marked the sharpest pace among the country's 10 large businesses,
followed by LG Group with 78.8 percent and Samsung Group with 72 percent.
The KRX said a sharp gain in the market values of the three groups came as shares
of their main affiliates -- automakers and tech firms -- jumped due to brisk
earnings expectations. In the second quarter, Korean exporters' bottom lines
gained ground as a weaker Korean currency against the U.S. dollar made their
products cheaper in overseas markets.
In the first three quarters, market capitalization of Hyundai Motor climbed 182.3
percent, and that of its affiliate, Kia Motors, jumped 211.7 percent. Market
bellwether Samsung Electronics rose 80.7 percent, while consumer electronics
giant LG Electronics advanced 67.8 percent, the KRX added.
sooyeon@yna.co.kr
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