Samsung Electronics' reiging presence in Korean equity market

When the global consumer tech market thought smartphones had run dry 

and become a commodity, Samsung Electronics proved it wrong by announcing that its operating profit feached over 8 trillion won($7.04 billion) for the first time in two years.

Samsung's stock prices have also reached historic highs. On July 14, it hit 1.5 million won for the first time in a year and four months. On July 18, it closed at 1.53 million won.

Given that Samsung Electornics boasts the largest market capitalization, it would be safe to say that its rising stock value has boosted the entire market, which has shot past 2,000 points.

"Samsung's improved earnings will bring a positive effect on (the prospects of) companies not only on the KOSPI but also KOSDAQ" said Kim Jin-young, an analyst at NH Investment & securities, noting that the Korean tech sector;s combined operating profits account for about 28 percent of the total.