SK Hynix Chases Samsung Electronics for KOSPI Market Cap Crown

SK Hynix is showing a clear upward trend, chasing Samsung Electronics, which has maintained the No. 1 spot in KOSPI market capitalization. As of 9:33 AM on June 22, SK Hynix was trading up 1.99% at 2,819,000 won, while Samsung Electronics was down 1.41% at 349,000 won. The market capitalization gap between the two companies has narrowed to approximately 31 trillion won. SK Hynix has continued its strong performance, rising for eight consecutive trading days from June 11 to June 22. Year-to-date, SK Hynix's cumulative gain stood at 324.58%, compared to Samsung Electronics' 195.25%.

The background to SK Hynix's upward momentum lies in the announcement of its U.S. Depositary Receipt (ADR) listing review results. If the listing is approved, as expected to be announced on June 22 (local time), SK Hynix is estimated to attract up to 40 trillion won in global capital.

SK Hynix's surge is occurring in tandem with the broader recovery of the semiconductor market. The growth of the High Bandwidth Memory (HBM) market, driven by increased demand for AI servers, has positively impacted SK Hynix's performance.