LG Group Jumps to 2nd from 4th in Market Capitalization

LG Group jumped to second place this year from fourth in market capitalization according to the Korea Stock Exchange and Kosdaq market Sunday.

The market capitalization of LG Group with all its listed and registered subsidiaries ranked fourth at the end of last year with $17 billion, drastically soared to $29.6 billion as of the end of last week, up 67.9 percent. This lifted LG ranking to second.

According to Chosun Ilbo reports, LG Group's has the largest growth rate among the "big four" conglomerates, a sign that the group enjoys market reactions going beyond simple "quantitative expansion."

The spiraling growth in the group's market capitalization owes to the new listing of LG Philips LCD and investors' affirmative reactions to the split of LG and GS Holding in July.