SEOUL -- South Korean chip giant SK Hynix claimed second place in the Korea Exchange's market capitalization ranking at the end of 2023, part of a recovery in semiconductor stocks that comes as the country's battery makers see a lull in growth.
The Korea Composite Stock Price Index climbed 18.7% in 2023 as six of the top 10 companies by market cap rose in value. In 2022, all of the top 10 companies except LG Energy Solution, which was newly listed that year, declined due to the chip downturn and rising interest rates.
