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.
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