출처: Seoul Economic Daily — "Hana Securities Warns SK hynix Overtaking Samsung Could Signal Bubble"

발행일: 2026-05-19

원문 URL: https://en.sedaily.com/finance/2026/05/18/hana-securities-warns-sk-hynix-overtaking-samsung-could

핵심 발췌 (저작권 안전 — 헤드라인 + 요약 인용)

• Analyst Lee Jae-man (Hana Securities): "The end signal of the current bull market will be the moment SK hynix's market cap overtakes Samsung Electronics."
• Parallel drawn to Cisco surpassing Microsoft and GE in 2000 despite generating only 20% of GE's net profit.
• SK hynix market cap currently ~85% of Samsung Electronics — approaching but not yet at overtake level.
• Key difference from bubble: Samsung's projected 2026 net profit (280 trillion KRW) substantially exceeds SK hynix (208 trillion KRW) — earnings-backed concentration.
• SK hynix + Samsung combined: 48% of KOSPI market cap, but 72% of KOSPI net profit — concentration is earnings-justified for now.

※ 본 파일은 저작권 안전 패턴에 따라 헤드라인 및 핵심 발췌만 수록. 전문은 원문 URL 참조.