The decline in shares of Samsung Electronics, known as South Korea’s national stock, continues unabated. I wrote earlier that there should be concern about “40,000 electrons”* on money1, but it may actually get to that point surprisingly easily. Below is the chart as of the closing date of Wednesday, November 13, 2024 (chart taken from investing.com/daily chart: same below). *This means that the stock price is in the 40,000 won range. In Korea, depending on the situation, they say things like “Here we go, 100,000 electrons,” “60,000 electrons,” or “50,000 electrons.” On the 13th, the stock price fell a further 4.5% from the previous day’s closing price of 53,000 won to close at 50,600 won. At 4.5%, it can almost be described as a crash. The downward trend in South Korea’s national stock market continues. The market will open soon on Thursday, November 14th. How will the third week of November 2024 close? It will be important to pay attention to where the weekly chart closes. (Yoshida Hunting @dcp) *Related thread [What is this?] South Korea’s Samsung Electronics stock price is plummeting to 53,000 won, on the brink of collapse. [11/12] [Insect Encyclopedia★].
>>2 The sad reality is lol Market capitalization Toyota 42 trillion yen (No. 1 in Japan) > Samsung 37 trillion yen (No. 1 in Korea) Toyota 42 trillion yen >>>>>>>>>>>>> Hyundai 5 trillion yen Hitachi 18 trillion yen, Sony 18 trillion yen >>>>>>>>>>>>>> LG Electronics 1.5 trillion yen.
A normal country won’t create a single company that is too big for the sake of national security. If that one company that is too big were to fail, the country would have to split up somewhere, like a holon, to protect the country’s security. That is common sense and wisdom.
>>15 It’s like a monoculture economy where large farms and mines have simply been replaced by factories, but unlike crops and minerals, the problem with semiconductors is that if you fall behind in the competition, you can’t even sell them.
Samsung Electronics is a factory built by the Japanese Ministry of Economy, Trade and Industry and the industry in a US military-controlled area to disguise its country of origin in order to avoid US pressure on Japan, but the US has teamed up with Japan to counter its new enemy, China, and with talk of the withdrawal of US troops from South Korea likely to no longer be a US military-controlled area, Samsung Electronics’ raison d’être as a factory in a US military-controlled area to disguise its country of origin in Japan has been lost.
For example, Toshiba is one of the few companies capable of making the high-powered X-band AESA radar components that South Korea is so desperate to get its hands on, which is why this happened.
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