South Korea · Nvidia · Samsung · Crypto Briefing
SK Hynix overtakes Samsung as South Korea’s most valuable company
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The AI memory chip maker's market cap hit $1.35 trillion, ending Samsung's decades-long reign at the top of the Korean stock market.
Key facts
- SK Hynix shares rose approximately 5.6% to 5.7% on June 22, pushing its market capitalization to around 2,082 trillion won, or about $1.35 trillion
- By 2025, SK Hynix had captured approximately 61% of the global HBM market
- The company crossed the $1 trillion market cap threshold weeks earlier, on May 27, during a broader AI-driven rally that also saw Micron and Samsung join that exclusive club
- The AI memory chip maker's market cap hit $1.35 trillion, ending Samsung's decades-long reign at the top of the Korean stock market
Summary
For the first time in roughly 26 years, Samsung Electronics is not the most valuable company in South Korea. SK Hynix shares rose approximately 5.6% to 5.7% on June 22, pushing its market capitalization to around 2,082 trillion won, or about $1.35 trillion. Two decades ago, SK Hynix was buried under debt, its shares languishing at around 135 won. By 2025, SK Hynix had captured approximately 61% of the global HBM market.