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Over 400 South Korean Companies Hit $679.7 Million Market Cap Milestone

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Seoul, May 3 (IANS) The number of South Korean-listed companies whose market capitalisation surpassed 1 trillion won ($679.7 million) exceeded 400 for the first time this year, following a dramatic pre-Middle East-conflict recovery in the stock market, data showed on Sunday.The number of companies listed on the local bourse, including preferred shares, with a market capitalisation of over 1 trillion won stood at 405 as of Wednesday, according to the data from the Korea Exchange, South Korea’s ma…