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South Korean stock market capitalization surpasses the UK, becoming the eighth-largest stock market in the world
Mars Finance News, April 28 — Driven by the strong rise of technology giants related to artificial intelligence, the South Korean stock market has surpassed the UK to become the eighth-largest stock market in the world. Data shows that the total market capitalization of South Korean listed companies has surged over 45% this year, reaching $4.04 trillion; the UK’s market value has increased by about 3%, reaching $3.99 trillion. By the end of 2024, the UK stock market’s market cap is expected to be roughly twice that of South Korea. The surge in the South Korean stock market highlights the global focus on companies related to artificial intelligence, which has also driven the stock prices of South Korea’s two largest listed companies, Samsung Electronics and SK Hynix. These two memory chip giants currently account for over 40% of the total market value of the benchmark Korea Kospi index. Additionally, South Korea has boosted its stock market through corporate governance reforms and pro-market policies, further supporting stock prices. (Kebao News Report)