Samsung Electronics becomes Korea's first W2,000tr stock

Samsung Electronics' market capitalization exceeded 2,000 trillion won ($1.32 trillion) for the first time Monday, marking a new milestone to cement its position as Korea's most valuable stock and widening its gap with crosstown rival SK hynix amid the artificial intelligence-driven memory boom.

According to the Korea Exchange, Samsung opened at 318,000 won, up 0.31 percent from the previous session, before extending gains shortly to touch 350,000 won after the market opened.

The stock was tradi ...