The South Korean stock market rose for the fifth consecutive trading day on Thursday. Samsung Electronics announced a quarterly profit increase of more than tripling. The steady performance growth expectations brought about by this boosted market optimism and boosted the stock index. The Korea Composite Stock Price Index was 0.50% at 4,573.80 points. Among the weighted stocks, Samsung Electronics remained flat, and SK Hynix rose 3.50%. Battery manufacturer LG Renewables fell 1.75%. LG Chem fell 2.35%, major portal site Naver fell 1.58%, and mobile messaging app operator Kakao fell 2.19%. Hyundai fell 2.43%, Kia fell 3.56%; steel manufacturer POSCO Holdings fell 2.11%, while pharmaceutical company Samsung Biologics rose 6.79%. Samsung Electronics announced on Thursday that operating profit for the fourth quarter is estimated to have tripled year-on-year and reached a record high, driving up traditional memory chip prices due to tight supply and a surge in demand driven by artificial intelligence.

The South Korean stock market rose for the fifth consecutive trading day on Thursday. Samsung Electronics announced a quarterly profit increase of more than tripling. The steady performance growth expectations brought about by this boosted market optimism and boosted the stock index. The Korea Composite Stock Price Index was 0.50% at 4,573.80 points. Among the weighted stocks, Samsung Electronics remained flat, and SK Hynix rose 3.50%. Battery manufacturer LG Renewables fell 1.75%. LG Chem fell 2.35%, major portal site Naver fell 1.58%, and mobile messaging app operator Kakao fell 2.19%. Hyundai fell 2.43%, Kia fell 3.56%; steel manufacturer POSCO Holdings fell 2.11%, while pharmaceutical company Samsung Biologics rose 6.79%. Samsung Electronics announced on Thursday that operating profit for the fourth quarter is estimated to have tripled year-on-year and reached a record high, driving up traditional memory chip prices due to tight supply and a surge in demand driven by artificial intelligence.