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Biz News Korea(Eng)

Samsung Elec ranks 16th in the world in market cap

Collected: 2017.03.08

Distributed: 2017.03.09

Source: Go Direct

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South Korean tech giant Samsung Electronics Co.’s stock is valued at $241 billion as of March 3, 16th largest in global scale which is a huge jump from the 39th with $146.2 billion a year ago, according to the Korea Exchange on Tuesday.

Its market cap grew by $94.8 billion in a year, outpacing Facebook Inc. ($84.5 billion), Alphabet Inc. ($83.9 billion), Microsoft Corp. ($82.4 billion) and Alibaba Group Holding Ltd. ($82 billion).

But it underperformed Apple Inc. ($170.6 billion), Amazon.com Inc. ($133.6 billion), Bank of America ($115.6 billion), JP Morgan Chase & Co. ($111.4 billion) and Berkshire Hathaway Inc. ($95.1 billion).

SK Hynix Inc. and Hyundai Motor Co., the second and third largest in terms of market cap in the domestic market, remained at 440th and 496th in global rank.

Shares of Samsung Electronics closed Tuesday at 2,010,000 won ($1,751.63) up 0.3 percent or 6,000 won from the previous session in Seoul trading.

By Yong Hwan-jin

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