SK Square shares rose, putting it in third place by market capitalization on the morning of the 30th.
As of 9:33 a.m. that day, SK Square stock was trading at 854,000 won, down 3.13% (26,000 won) from the previous day.
As the share price surged, market capitalization also increased to 112.9 trillion won, rising to third place on the main bourse.
In the securities industry, there was analysis that SK Square could become a "hwangjeju" (a stock priced over 1 million won per share) following SK hynix.
NH Investment & Securities raised its target price for SK Square to 1.1 million won. It said the share-price strength of SK hynix, which accounts for a large portion of SK Square's net worth (NAV), is likely to continue.
Ahn Jae-min, an analyst at NH Investment & Securities, said, "Earnings growth at SK hynix will lead to larger dividends, which will significantly improve SK Square's cash flow," and added, "Ample resources will, in turn, expand SK Square's shareholder returns and investments in semiconductor-related mergers and acquisitions (M&A), establishing a virtuous cycle that continually lifts corporate value."