Seoul: The combined market value of SK Group's listed firms exceeded 2,000 trillion won (US$1.3 trillion) for the first time Tuesday, driven primarily by the recent surge of its memory chip maker, SK hynix Inc. This marks a significant milestone for the South Korean conglomerate, highlighting its robust performance in the stock market.
According to Yonhap News Agency, the market capitalization of the 19 listed firms comprising SK Group reached approximately 2,019 trillion won, reflecting a 2.51 percent increase from the previous session's close. This surge underscores the positive investor sentiment and the growing strength of SK Group in the market.
SK hynix, in particular, played a crucial role in this achievement with its shares soaring 4.11 percent to close at about 2.38 million won per share. The market value of SK hynix alone stood at 1,697 trillion won, accounting for a substantial 84.06 percent of SK Group's total market value. This highlights the significant contribution of the memory chip maker to the conglomerate's overall market performance.
In comparison, the combined market value of Samsung Group, which includes Samsung Electronics Co., also saw a rise, increasing by 1.81 percent to reach 2,552 trillion won. This positions Samsung Group ahead, yet SK Group's milestone represents a noteworthy achievement in the competitive landscape of South Korean conglomerates.