KCC's stakes in major companies and their market/estimated values (Unit: billion won) KCC's shareholding ratio Market value as of end-June, 2024 Estimated capital gains in H1, 2024 Samsung C&T (9.57%) 2,415.4 212.6 HD Korea Shipbuilding & Offshore Engineering (3.91%) 438.9 104.8 Momentive Performance Materials Korea (100%) 1,675.0 Not available (Note: Momentive Performance Materials is preparing to list on New York Stock Exchange) (Source: The Financial Supervisory Service, calculations by The Korea Economic Daily KCC had first invested in Samsung C&T in 2012 by purchasing shares in then unlisted Samsung Everland Co.
According to the Financial Supervisory Service, KCC’s shares in Samsung C&T, HD Korea Shipbuilding and Momentive Performance Materials Korea Co., a unit of the US-based silicone maker Momentive Performance Materials, were valued at a combined 4.5 trillion won as of the end of June.
KCC Corp., a paint and glass maker, but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) worth of shares in Samsung C&T Corp., HD Korea Shipbuilding & Offshore Engineering Co and US silicon maker, surpassing its market capitalization of 2.6 trillion won.
The story "Stock-rich KCC's shareholdings exceed its market cap" has 436 words across 29 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Stock-rich KCC's shareholdings exceed its market cap" was covered 2 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 16 news stories per day.
It's most recent story was published 1 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.