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Market Chatter: SK Hynix Overtakes Samsung Electronics as South Korea's Most Valuable Listed Company

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SK Hynix (KRX:000660) has overtaken Samsung Electronics (KRX:005930) as South Korea's most valuable listed company, according to a report by Reuters on Monday.

The supplier of high-bandwidth memory chips has taken advantage of the global AI boom, with its shares trading 5.7% early Monday, to take its market capitalization to around 2.082.5 trillion won, the report said.

According to a senior analyst at Meritz Securities, Kim Sunwoo, the emergence of "customized AI memory" has changed industry mechanics and paved the way for SK Hynix to establish itself as a market leader, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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