Combined Market Value of All Korean Stocks Is Now Less Than Amazon or Apple
- Total value of all South Korean firms trails three tech giants
- Size of Korean market seen limiting companies’ valuations
Photographer: Michael Nagle/Bloomberg
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South Korea, central to the global supply chain for technology and electronics, is failing to keep pace with some of its largest customers. The result is that the market value of Apple Inc., Microsoft Corp. or Amazon.com Inc. each now exceeds the combined capitalization of all companies on Korea’s stock exchange.
The total market capitalization of South Korean firms was about $1.4 trillion as of Friday, data compiled by Bloomberg show. That compares with a $1.7 trillion valuation for Apple, while Microsoft and Amazon were each worth about $1.5 trillion.