Industry
Heavy industries' market cap tumbles on weaker yen
Jan. 27, 2013
South Korea's listed heavy industry companies saw their market capitalization plunge by 34 trillion won ($32 billion) in the last four months, hit by the Japanese yen's rapid descent, industry data showed Sunday. The combined market cap of local heavy industry firms, including automakers and shipyards, tumbled 19.2 percent to 142.8 trillion won as of last Friday, compared with the 176.8 trillion won tallied on Sept. 17, 2012, the highest number recorded for the second half of last year, accor