The combined market capitalization of Naver and Kakao, the leading growth stocks in the domestic stock market, has evaporated by more than 63 trillion won this year.
According to the Korea Exchange, the stock price of Naver fell by more than half from 378,500 won at the end of last year to 160,000 won on the 7th.
During the same period, the share price of Kakao also fell 54.8% from 112,500 won to 50,900 won.
The combined market capitalization of the two companies fell from KRW 112.242 trillion to KRW 48913 trillion, a decrease of KRW 63.329 trillion this year.