The primary entrance to Meritz Monetary Group’s constructing in southern Seoul / Courtesy of Meritz Monetary Group
By Yi Whan-woo
A virtually two-fold improve in its inventory value is pushing Meritz Monetary Group to develop greater than a few of the main banking teams in market capitalization.
Meritz Monetary Group jumped from 59,100 received ($42.65) on Dec. 28, 2023, to 103,900 received, Monday, on the benchmark KOSPI, in line with Korea Trade.
Accordingly, the corporate’s market capitalization exceeded 20 trillion received, outcompeting Hana Monetary Group and Woori Monetary Group.
Hana, the nation’s third-largest banking group, has a market capitalization of 19 trillion received.
Woori is ranked fourth, with a market capitalization price 12 trillion received.
These two firms, together with two bigger friends KB and Shinhan, personal banks that usher in large curiosity earnings.
Meritz Monetary Group, however, doesn’t personal a banking enterprise, that means it has a drawback on the subject of competing with the banking teams.
“Taking that reality under consideration, Meritz Monetary Group must be lauded for its efficiency within the inventory market,” an trade supply stated.
The surge within the firm’s inventory value additionally boosted Meritz Chairman Cho Jung-ho to turn out to be one in every of Korea’s prime three inventory buyers, with shares price over 10 trillion received.
As of Oct. 14, Cho had 97.74 million shares price 10.13 trillion received in his firm.
Samsung Electronics Govt Chairman Lee Jae-yong held shares on the tech large price 13.68 trillion received, claiming the highest place.
Celltrion Chairman Search engine marketing Jung-jin was ranked second, with shares in his firm price 11.32 trillion received.
