SEOUL, KOREA - The share price gap between Korea’s two leading electronics giants—Samsung Electronics and LG Electronics—has been widening rapidly.
The share price of Samsung Electronics has hovered around 1.3 million won this year, while that of LG Electronics stands at below 60,000 won. In other words, the share price of Samsung Electronics is more than twenty times higher than that of LG Electronics.Samsung Electronics’ market capitalization is 183 trillion won higher than thatfor LG Electronics.
Amid expectations that Samsung Electronics’ performance would improve from the first quarter of this year, foreign investors have purchased the stock for 16 consecutive years. So far this year, foreigners have purchased more than 700 billion won shares of Samsung Electronics.
In contrast, the share price of LG Electronics fell to below the 60,000-won level, first in 20 months since July 26, 2012. LG Electronics shares closed at 59,800 won on March 11.
Considering that LG Electronics was relisted on April 22, 2002 at a price of 62,936 won, its share price remained almost unchanged over the past 12 years.