Chip Rally Lifts Korea Market Cap by 4,500 Trillion Won as Samsung, SK Hynix Jump 56%

In the 11 months since the Lee Jae-myung administration took office, the total market capitalization of Korea’s stock market increased from 2,597 trillion won to 7,088 trillion won, a gain of about 4,491 trillion won. Strength in the semiconductor sector drove the expansion, with Samsung Electronics and SK Hynix rising 56%. By business group, SK Group overtook LG and Hyundai Motor to settle in second place by market value. Hyosung, Mirae Asset and LS also showed parallel strength, adding to the upward trend. The Korean market saw both the growing influence of large chip stocks and changes in market-cap rankings among major groups. Source: mk.co.kr