The combined market capitalization of Samsung Group's affiliates dropped about 23 percent in 2024 due to the sluggish performance of its key affiliate Samsung Electronics Co., data showed Sunday.
The market value of Samsung's affiliates stood at 548.4 trillion won ($371.5 billion) as of Thursday, compared with 709.6 trillion won a year earlier, according to data compiled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Samsung Group has 22 affiliates listed on the local stock market, including Samsung Electronics Co., Samsung Biologics Co., Samsung C&T Corp. and Samsung Life Insurance Co.
The overall decrease came as shares of Samsung Electronics tumbled 31.71 percent this year, with those of Samsung SDI Co. and Hotel Shilla Co. falling 47.66 percent and 42.58 percent, respectively.
"Shares of Samsung Electronics are expected to trade within a limited range for the time being due to the downcycle of memory chips," said Kim Dong-won, a researcher at KB Securities Co. (Yonhap)
