Posco Group has seen its market capitalization increase by over KRW20tn ($15.2bn) this year, driven by expected gains in its battery businesses. The combined market capitalization of Posco Group’s listed firms reached around KRW63.5tn as of Sunday, up by around 50% from early 2023. Posco Group’s market capitalization also surpassed that of Kakao, which came to KRW48.4tn this week. Leading Posco Group’s latest advance were the group’s battery businesses, including Posco Future M, which produces battery materials. Posco Future M’s stock price increased by 73% this year after the company signed a 10-year supply deal worth KRW40tn with Samsung SDI in late January.

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