SK Group's Market Value Surpasses 2,000 Trillion Won for First Time
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- SK Group's listed firms surpassed 2,000 trillion won in market value for the first time on Tuesday, driven by a surge in its chipmaker SK hynix.
- SK hynix's market value accounted for over 83% of the conglomerate's total.
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The combined market value of SK Group's listed firms surpassed 2,000 trillion won for the first time, driven by a surge in its memory chipmaker, SK hynix Inc.
SEOUL, June 16 (Yonhap) -- 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.
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.
