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Fortune

Nicholas Gordon

SK Hynix briefly tops Samsung as Korea’s most valuable company—and it’s eyeing a U.S. listing as soon as August

SK Hynix SK United States South Korea Kospi Samsung ETF Memory Nvidia

(Credit: Jung Yeon-je—AFP/Getty Images)

For one day at least, South Korea had a new most valuable company.

SK Hynix, one of the world’s largest producers of memory chips, surpassed Samsung Electronics in market capitalization on Monday. After a 5.6% surge in its share price, SK Hynix was worth over 2.1 quadrillion won ($1.35 trillion), just ahead of Samsung at $1.34 trillion.

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