Value of SK Group's listed firms exceeds 2 quadrillion won

Taken together, SK Group’s listed firms hit the milestone for the first time, driven largely by a sharp rise in SK hynix shares.

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SK hynix's headquarters in Icheon, Gyeonggi

The combined market value of SK Group's listed firms exceeded 2 quadrillion won ($1.3 trillion) for the first time Tuesday, mainly fueled by the recent surge of its memory chip maker, SK hynix.

The market capitalization of 19 listed firms making up the business conglomerate stood at some 2.02 quadrillion 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 1.7 quadrillion won, accounting for 84.06 percent of the conglomerate's total.

Meanwhile, the combined market value of Samsung affiliates, which has Samsung Electronics under its wing, rose 1.81 percent to 2.55 quadrillion won.


Yonhap