(MENAFN) South Korea's top conglomerate, Samsung, saw its market capitalization decline about 12 percent this year due to losses in tech and bio shares.
The combined market value of its 16 listed companies reached 418.33 trillion won as of Wednesday, down 11.95 percent from the end of last year.
Samsung Electronics Co., the largest firm in terms of market capitalization, dropped 13.94 percent to 283.92 trillion won, amid concerns over an expected slowdown in semiconductor sales.
Samsung Biologics Co.'s market cap dropped 9.84 percent to 22.13 trillion won during the period, while the financial regulator suspended the trading of the biopharmaceutical company's stocks, announcing it violated accounting rules ahead of its initial public offering in 2016.
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