SK Corporation reached a 52-week high during trading on June 25, driven by rising expectations for the performance and value of its subsidiaries.
According to the Korea Exchange, as of 9:41 a.m., SK shares were trading at 840,000 won, up 128,000 won (17.98%) from the previous day. The stock opened at 772,000 won and surged to 849,000 won, setting a new 52-week high. Although some gains were later surrendered, the stock remained strong.
The surge in SK's stock price is attributed to improved investor sentiment following the rising corporate values of major subsidiaries, including SK Hynix and SK Square.
At the same time, SK Hynix shares rose by 190,000 won (7.36%) to 2,770,000 won, benefiting from strong performance reported by U.S. semiconductor company Micron Technology. SK Square also saw an increase of 45,000 won (2.50%), trading at 1,844,000 won.
Positive forecasts from analysts further supported the stock's rise. Park Jong-ryul, a researcher at Heungkuk Securities, stated, "This year will mark a significant turnaround for SK, driven by strong performance from SK Square and contributions from SK Innovation and SK Telecom. With robust earnings momentum and increased shareholder returns, a reevaluation of the stock price is expected to continue."
* This article has been translated by AI.
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