Korea Tech Daily — 2026-05-28
SK Hynix joins Samsung and Micron in the $1 trillion market cap club, driven by surging AI chip demand. Samsung Group companies acquired a 4% stake in crypto exchange Dunamu from Kakao affiliates. Korea's leverage ETF market saw record investor interest as single-stock products on Samsung and SK Hynix debuted.
Korea Tech Daily — 2026-05-28
Top Story
SK Hynix Joins Trillion-Dollar Club on AI Chip Surge
SK Hynix surpassed the $1 trillion market capitalization mark on May 27, becoming only the third memory chip maker globally to reach this milestone alongside Samsung Electronics and Micron Technology. Shares jumped 11% amid strong demand for high-end memory chips used in AI applications like Nvidia's chipsets. The rally reflects tightening supply and elevated prices for advanced semiconductors critical to the AI boom, positioning South Korea's chip sector as a primary beneficiary of global artificial intelligence expansion.
Samsung · SK Hynix · LG
Samsung Group Companies Acquire 4% Stake in Dunamu from Kakao Affiliates
Three Samsung Group entities—Samsung Securities, Samsung SDS, and Samsung Card—became major shareholders in cryptocurrency exchange operator Dunamu by acquiring a 4% stake previously held by Kakao-affiliated companies. The transaction marks Samsung's deepening involvement in the digital asset infrastructure space and signals potential strategic realignment in Korea's fintech ecosystem.
Leverage ETF Debut Crashes Investor Education Platform
Korea's first single-stock leveraged and inverse ETFs tracking Samsung Electronics and SK Hynix debuted on May 27, triggering overwhelming traffic that crashed the Korea Financial Investment Association's education website. The 16 ETFs and 2 ETNs with ±2x leverage attracted retail investors en masse, though financial regulators warned of concentration risk in these two volatile semiconductor stocks.
Korean Construction Sector Benefits from Samsung-SK Hynix Investment Boom
As Samsung Electronics and SK Hynix ramp up investment to meet growing AI demand, builders constructing chip production and support facilities are entering a new growth trajectory. Construction companies are capitalizing on the semiconductor giants' expanded capex plans across South Korea.
Naver · Kakao · LINE
No recent developments published after 2026-05-26 available for this section.
Startups & Investment
Korea Venture Investment Reaches 3.3 Trillion Won, AI and Bio Lead Growth
Korea's Q1 venture investment reached 3.3 trillion won, up 24.1% year-on-year, with ICT services and bio/medical sectors leading gains. New venture fund commitments hit a record 4.4 trillion won, signaling robust private capital deployment across the startup ecosystem despite macroeconomic headwinds.
Policy & Industry
KOSPI Reaches Record Levels on Semiconductor Rally
South Korea's KOSPI index hit an all-time high as SK Hynix and Samsung Electronics soared, with the benchmark settling around the 8,000-point level. Market analysts project potential upside to 10,000 points if semiconductor strength persists, reflecting optimism about Korea's positioning in the global AI semiconductor supply chain.
What to Watch
- Samsung and SK Hynix earnings guidance for Q2 2026 — watch for commentary on AI chip supply constraints and pricing power in memory markets
- SK Square (SK Group holding company) trading momentum, which hit new highs alongside SK Hynix strength on May 27
- Leverage ETF investor risk warnings from financial regulators — potential restrictions or enhanced disclosure requirements may follow high retail interest
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