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Feb. 4 (Asia Today) — Samsung Electronics’ common shares became the first single stock in South Korea to reach a market capitalization of 1,000 trillion won ($690.7 billion) as the benchmark KOSPI hovered near the 5,300 level.

The milestone came about two weeks after Samsung’s combined common and preferred shares exceeded 1,000 trillion won in market value.

The Korea Exchange said Samsung Electronics closed Wednesday at 169,100 won ($116.80), up 0.96% from the previous session. The shares have gained 31.6% from their closing level on Jan. 2 of 128,500 won.

Samsung opened lower, then turned higher late in the morning. After moving into positive territory in early afternoon trading, the stock set an intraday record of 169,400 won.

Individual investors bought a net 135.1 billion won ($93.3 million) of Samsung shares and institutional investors bought a net 650.2 billion won ($449.1 million), helping push the stock to the 1,000 trillion won threshold.

Analysts have linked the rally to rising memory prices amid expanding global investment in artificial intelligence infrastructure. Samsung posted 20 trillion won ($13.8 billion) in operating profit in the fourth quarter of last year, setting a quarterly record, and brokerages have forecast annual operating profit exceeding 130 trillion won ($89.8 billion) this year.

Samsung Chairman Lee Jae-yong attended a corporate roundtable on youth employment and regional investment expansion at the Blue House on Wednesday. The meeting included leaders from South Korea’s top conglomerates and marked President Lee Jae-myung’s first major gathering this year with business chiefs.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260204010001675

Jan. 26 (Asia Today) — South Korea’s resident foreign currency deposits rose sharply in December as renewed volatility in the won-dollar exchange rate prompted households and companies to park more money in dollars and other foreign currencies, central bank data showed.

Resident foreign currency deposits at local foreign exchange banks stood at $119.43 billion at the end of December, up $15.88 billion from the previous month, the Bank of Korea said.

Market participants increased foreign currency holdings as the exchange rate swung on expectations of further won weakness and repeated government and financial regulator efforts to curb sharp moves, the report said.

The won opened December near 1,470 per dollar and climbed into the 1,480 range by the end of the month before dropping below 1,450 following stronger verbal intervention by authorities. Since the start of the new year, the exchange rate has repeatedly moved higher and then retreated amid official efforts to stabilize the market.

The Bank of Korea said after its Jan. 15 policy meeting that most of the won’s recent weakness reflected external factors, with domestic factors accounting for roughly a quarter, while adding that authorities can mainly focus on smoothing short-term spikes.

Analysts said the dollar could lose some strength from prior levels, reducing the chance of a repeat of last year’s sharp surge in the exchange rate, as uncertainty rises over the U.S. interest-rate path amid growing political pressure on the Federal Reserve.

Park Sang-hyun, an analyst at iM Securities, said the dollar’s influence appears to be “temporarily weakening,” adding that inflation and employment data and political pressure could increase expectations for U.S. rate cuts.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260126010012006