As Samsung Electronics Rallies, Affiliates Surge Too... Samsung Group's Market Cap Tops 2 Quadrillion Won

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[Financial News] Samsung Electronics shares opened strong on the morning of the 21st, pushing the combined market capitalization of Samsung Group's listed affiliates above 2 quadrillion won.
According to the Korea Exchange (KRX), the combined market cap of Samsung Group's 18 listed companies stood at 2,151.559 trillion won as of 10:01 a.m. on the 21st. That was up 4.79% from the previous trading day.
The surge was largely driven by Samsung Electronics' sharp gains. At the same time, Samsung Electronics was up nearly 6% from the previous session. Investors were also encouraged by favorable macroeconomic conditions, including the signing of a tentative 2026 wage agreement between management and labor the previous day, gains on major U.S. stock indexes, and declines in the won-dollar exchange rate and international oil prices.
Samsung Electronics' market capitalization reached 1,704.1902 trillion won at the same time.
As Samsung Electronics extended its rally, major group affiliates also rose in tandem. Samsung C&T Corporation climbed 8.10%, while Samsung Life Insurance and Samsung Fire & Marine Insurance, both of which hold Samsung Electronics shares, were up 11.22% and 1.66%, respectively.
Samsung Electro-Mechanics was up 12.44% after news of a contract to supply silicon capacitors worth more than 100 billion won, while Samsung E&A rose 7.38% on expectations for reconstruction projects in the Middle East.
Meanwhile, SK Group ranked second in group market capitalization with 1,561.621 trillion won. It was followed by Hyundai Motor Group at 329.796 trillion won, LG Group at 209.724 trillion won, HD Hyundai at 181.187 trillion won, and Hanwha Group at 154.243 trillion won.\r\n
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nodelay@fnnews.com Park Ji-yeon Reporter