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SK Hynix succeeded in overtaking Samsung Electronics to become the most valuable company in South Korea for the first time in 26 years, after its stock price rose by 5.7% and its market value reached approximately $1.35 trillion, compared to Samsung’s $1.38 trillion. This achievement resulted from its shift in focus towards AI-oriented memory chips, with operating profits projected to reach 23.5 trillion won in 2024, following a recovery from previous significant losses. This milestone reflects strategic changes and the booming memory chip industry tied to artificial intelligence and its global applications.
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