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Shares of No. 2 Players Rose Higher Than Those of Leaders

June 16, 2017 08:58|June 16, 2017 10:47
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KB Financial Group, LG Electronics, NH Investment & Securities and NCSoft have something in common. All of them are No. 2 players in their respective business areas.
Since the market always put the spotlight on No. 1 players, these companies have been underestimated for so long.
The situation, however, changed in recent days. In the latest stock market rally, their share prices rose higher than those of No. 1 players.
KB Financial Group, for example, saw its share price rise by 29.91 percent during the period from January 1 to June 13, 2017, dwarfing that of Shinhan Financial Group, a leader among financial stocks in Korea, which rose by 10.72 percent during the same period.
The market capitalization of KB Financial Group surged to 23.24 trillion won, narrowing its gap with Shinhan Financial Group (23.75 trillion won) to about 500 billion won.
LG Electronics shares also rose by 66.28 percent, exceeding SK Hynix's 31.54 percent and Samsung Electronics' 25.97 percent. Shares of No. 2 Players Rose Higher Than Those of Leaders
enews@hankyung.com