Theshare prices of the companies under the umbrella of Korea's top-ten businessgroups grew faster than the KOSPI average this year. In terms of marketcapitalization, Samsung Group maintains the No. 1 spot but there are somechanges in the ranking of others within the top-ten rank.
Basedon the May 11 closing price, the combined market capitalization of the top-tenbusiness groups' 95 listed subsidiaries totaled 844 trillion won, up 16.08percent from the figure marked at the end of last year (725 trillion won). Thisnumber is higher than the growth of the KOSPI which rose 13.32 percent duringthe same period.
ExcludingHyundai Heavy Industries Group that was divided into four units and relisted,Samsung Group marked the highest growth in market value, with the share ofSamsung subsidiaries in the combined market cap of the top-ten business groupsestimated at 52.30 percent.
SamsungElectronics played a key role, with its stock price rising by 25.33 percentthis year. The share of Samsung Electronics in Samsung Group's 16 listedcompanies reached 72 percent.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip