SK Group listed firms exceed 2,000 trillion won in market value

The combined market value of 19 listed firms in SK Group surpassed 2,000 trillion won for the first time on June 16, driven mainly by gains at SK hynix.

According to the Korea Exchange, the combined market capitalization of the 19 listed firms reached 2,019 trillion won at the close on June 16, up 2.51 percent from the prior session.

SK hynix rose 4.11 percent to 2.38 million won per share, giving it a market value of 1,697 trillion won, or 84.06 percent of the group's total.

The combined market value of Samsung Group firms rose 1.81 percent to 2,552 trillion won.

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Illustration of Seoul stocks reaching record high led by Samsung gains amid AI optimism.
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Seoul shares close at record high on Samsung gains

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South Korean stocks closed at a fresh record high above 8,800 on Tuesday, led by gains at Samsung Electronics amid optimism over Artificial Intelligence.

The number of South Korean-listed companies with market capitalization over 1 trillion won surpassed 400 for the first time this year. This follows a stock market recovery before the Middle East conflict. The KOSPI hit a record high.

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The Kospi has crossed 8,000 for the first time under President Lee Jae Myung, driven by semiconductor gains and government reforms.

Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.

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South Korean stocks closed sharply lower on June 5 as investors locked in profits from recent tech gains amid uncertainty over U.S.-Iran peace negotiations.

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