SK hynix Overtakes Samsung as South Korea Most Valuable Company.
Historic Market Shift: SK hynix Overtakes Samsung as South Korea’s Most Valuable Company for the First Time in 26 Years In a monumental turning point for the global technology and financial sectors, SK hynix has officially dethroned Samsung Electronics to become South Korea’s most valuable publicly traded company. The historic flip occurred following a trading session where SK hynix shares surged by 5.61% , propelling its total market capitalization to 2,080 trillion won . Meanwhile, long-standing market leader Samsung Electronics saw its shares dip slightly by 0.14% , slipping into second place with a market value of 2,067 trillion won . This marks the end of a legendary era in the Kospi market. Samsung had comfortably held the absolute number-one spot in South Korea for nearly 26 years , ever since it famously eclipsed Korea Telecom (now KT Corp.) back in 1999. The record-breaking streak was broken by SK hynix following a relentless multi-month stock rally. This milestone comes jus...