ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Samsung Biologics bumps Hyundai from Korean market's top 3

Drugmaker's market cap surges to $31bn on lucrative virus treatment deal

Samsung Biologics benefits from the clean room expertise of fellow group member Samsung Electronics. (Photo courtesy of Samsung Biologics)

SEOUL -- Samsung Biologics has become South Korea's third-most-valuable company, besting the much larger Hyundai Motor thanks to its status as a rare winner in the coronavirus economy.

The drugmaker's shares soared this month after it won an order worth up to $362 million from a U.S. company developing antibody treatments for the virus.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more