Market cap of Samsung's listed affiliates passes 2 quadrillion won for fi...

Samsung Electronics office in Seocho District, southern Seoul, on May 10 [NEWS1]

Samsung Electronics shares surged nearly 6 percent during trading on Thursday after

its management and labor signed a tentative wage agreement the previous day, pushing the combined market capitalization of Samsung’s listed affiliates above 2 quadrillion won ($1.3 trillion) for the first time.

The combined market capitalization of Samsung’s 18 listed companies stood at over 2.15 quadrillion won as of 10:01 a.m. on Thursday, according to the Korea Exchange. It marks a 4.79 percent increase from the previous trading session.

The shares' sharp

rise in market value was driven by gains in Samsung Electronics, the group’s key affiliate and semiconductor giant. Shares in Samsung Electronics were up about 6 percent from the previous session, also as of 10:01 a.m. on Thursday.

Investors appeared buoyed by a tentative wage agreement signed by Samsung Electronics management and labor, as well as favorable external conditions, including gains on Wall Street, a decline in the dollar-won exchange rate and stable international oil prices, according to market observers.

Shares of other major Samsung affiliates edged higher as well.

Construction and engineering company Samsung C&T, the group’s de facto holding company, rose 8.1 percent. Samsung Life Insurance and Samsung Fire & Marine Insurance, both of which hold stakes in Samsung Electronics, gained 11.22 percent and 1.66 percent, respectively.

Samsung Electro-Mechanics, which makes and sells electrical parts, jumped 12.44 percent on news of a

1.5 trillion won silicon

capacitor supply deal on Wednesday, and construction and project management company

Samsung E&A climbed 7.38 percent on expectations for reconstruction projects in the Middle East.

At 1.56 quadrillion won, SK Group’s market capitalization ranked second among Korean conglomerates as of Thursday. Hyundai Motor Group followed in third place with 329.796 trillion won.

LG Group posted a market capitalization of 209.724 trillion won, followed by HD Hyundai Group at 181.187 trillion won and Hanwha Group at 154.243 trillion won.

This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.