Value of SK Group's listed firms exceeds W2000 trillion
SK Group headquarters in Jongno District, Seoul / Korea Times photo by Kim Joo-sung
The combined market value of SK Group's listed firms exceeded 2,000 trillion won ($1.3 trillion) for the first time Tuesday, mainly fueled by the recent surge of its memory chip maker, SK hynix Inc.
The market capitalization of 19 listed firms making up the business conglomerate stood at some 2,019 trillion won, up 2.51 percent from the previous session's close, according to the Korea Exchange.
In particular, SK hynix soared 4.11 percent to close at about 2.38 million won per share. The market value of the company stood at 1,697 trillion won, accounting for 84.06 percent of the conglomerate's total.
Meanwhile, the combined market value of Samsung Group, which has Samsung Electronics Co. under its wing, rose 1.81 percent to 2,552 trillion won.