Samsung Electronics' Record High Rally Enters Global Top 20 Market Cap Rankings

[Image source=Yonhap News]

[Asia Economy Reporter Kim Eun-byeol] Samsung Electronics has entered the global market capitalization top 20 rankings by reaching an all-time high since its listing.

According to Bloomberg on the 12th, Samsung Electronics' market capitalization reached $301.7 billion (approximately 350 trillion KRW) based on the closing price on the 9th, ranking 18th among global companies. This is a rise of 10 places from 28th at the beginning of last year.

On the 9th, Samsung Electronics closed at 58,600 KRW, up 3.17% from the previous trading day, marking the highest price in about 45 years since its listing in 1975. The next day, the stock price rose another 1.54% to 59,500 KRW, setting a new record high.

Samsung Electronics' market capitalization increased by approximately $95.08 billion over about one year, from $206.57 billion on January 2nd last year.

The semiconductor market is showing signs of recovery, and Samsung Electronics' Q4 earnings last year exceeded expectations, attracting buying interest mainly from foreign investors. Samsung Electronics' operating profit for Q4 last year was 7.1 trillion KRW, about 9% higher than the average forecast by securities firms.

Currently, the world's largest company by market capitalization is Saudi Arabia's state-owned oil company Aramco, which was listed at the end of last year. Aramco's market capitalization reaches approximately $1.82 trillion. Apple ranks second with a market capitalization of about $1.33 trillion. Microsoft (MS), Alphabet (Google's parent company), Amazon, Facebook, and Alibaba follow. Among the top 100 companies by global market capitalization, Samsung Electronics was the only Korean company.

This content was produced with the assistance of AI translation services.