Seoul: The combined market value of SK Group's listed firms exceeded 2,000 trillion won (US$1,321 billion) for the first time Tuesday, mainly fueled by a recent surge of its memory chipmaker SK hynix Inc.
According to Yonhap News Agency, the combined market capitalization of 19 listed firms making up the business conglomerate stood at some 2,015 trillion won as of 2:34 p.m., up 2.62 percent from the previous session's close, according to the Korea Exchange. SK hynix soared 3.56 percent to about 2.36 million won per share at one point in afternoon trading.
The market value of SK hynix stood at 1,688 trillion won, accounting for 83.7 percent of the conglomerate's total. Meanwhile, the combined market value of Samsung Group, which has Samsung Electronics Co. under its wing, rose 1.95 percent to 2,546 trillion won.