According to South Korea’s Central Daily on January 19, the decline in Samsung Electronics’s share price in the KOSPI market remained in the morning of January 18.
After the news of the arrest of Samsung Vice Chairman Lee Jae-di at 2:20 p.m., the decline in the stock price widened, and fell to 84,100 won in intraday trading. .
After that, Samsung Electronics’s share price finally closed at 85,000 won, down 3.41% (3,000 won) from the previous trading day, and the total market value evaporated 18 trillion won in a day to 507 trillion won.
Samsung Property shares plummeted 6.84%, Samsung Life (-4.96%), Samsung SDI (-4.21%), Samsung Engineering (-3.65%), Samsung Heavy Industries (-2.74%), Samsung Securities (-2.29%), Samsung Property Insurance Company (-2.42%), Shares of companies such as Samsung Biology (-1.99%) and Samsung Electric (-1.99%) also fell to varying degrees.
According to the data of the Korean Exchange, Samsung Group’s total market value evaporated by 28 trillion won (3.48%) that day, from 803.5 trillion won to 775.6 trillion won.