Economy Country October 27, 2024

Samsung and SK Hynix Market Gap Hits 13-Year Low

Today, the South Korean stock exchange reported that the market capitalization gap between Samsung Electronics and SK Hynix has dropped to its lowest level in 13 years.


Samsung and SK Hynix Market Gap Hits 13-Year Low

According to information obtained from the main exchange of South Korea today, the market capitalization gap between Samsung Electronics and SK Hynix has reached the minimum level in the last 13 years.

This testifies that Samsung Electronics' capitalization increased for the first time since October 2021 to 499.4 trillion won (about 415 billion dollars), while SK Hynix's capitalization amounted to 99.3 trillion won (about 82.6 million dollars).

"Compared to SK Hynix, Samsung Electronics has a wider business spectrum, which includes a wide range of devices from smartphones to polycrystalline, which stimulates investors," analysts of financial markets noted.