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[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Group has regained its second place in market capitalization, beating LG Group. This is due to a rise in SK Hynix's stock price due to improved semiconductor business.
The Korea CXO Research Institute, which specializes in corporate analysis, released the results of its analysis of the market capitalization changes between LG and SK Group after the listing of LG Energy Solutions.
Based on the Korea Exchange data, the institute included both ordinary and preferred stocks of LG Group and SK Group's listed companies.
SK, which ranked second in the group's market capitalization after Samsung, fell to third place on Jan. 27, 2022, the day LG Energy Solutions was listed. On the first day of its listing, LG Energy Solutions had a market capitalization of more than 118 trillion won, ranking second only to Samsung Electronics. As a result, LG Group's market capitalization jumped to 233 trillion won, surpassing SK Group's market capitalization (179 trillion won).
Over the next year, the gap widened to around 80 trillion won. But the situation has changed this year. As of the 19th, LG Group's market capitalization stood at 167 trillion won, giving up second place to SK Group (171 trillion won).
Analysts say that the reason why LG Group gave up its No. 2 position in market capitalization is due to the decrease in the overall appearance of major listed companies such as LG Energy Solution, LG Chem, LG Household & Health Care and LG Electronics.
Also, SK Hynix performed well in SK Group. SK Hynix's market capitalization reached more than 102 trillion won on the 19th of this month, up more than 20 trillion won from two years ago.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
