Samsung Group Revamping Adds $22 Billion to Value: Korea Markets
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Speculation that Samsung Group’s founding family will revamp South Korea’s biggest business empire to retain control has so far had an unlikely beneficiary: minority shareholders.
The conglomerate led by Lee Kun Hee, whose businesses account for more than 20 percent of South Korea’s economy, may unlock “hidden value” as 72-year-old Lee transfers wealth to heirs, CLSA Asia-Pacific Markets says. Speculation the changes will come soon has lifted the market capitalization of Samsung’s 17 listed companies by more than $22 billion since May 7 through yesterday.