Seoul: Samsung Group's entire market capitalization surpassed 900 trillion won for the first time on Wednesday, driven by semiconductor maker Samsung Electronics' bullish run, data showed.

According to Yonhap News Agency, Samsung Group's total market capitalization stood at 907.9 trillion won (US$634.4 billion), marking a significant increase of 67 percent from 543.3 trillion won at the end of last year, based on data from the Korea Exchange.

The surge in market capitalization was largely attributed to a significant rise in the share price of Samsung Electronics. The share price increased by 85.3 percent, climbing from 53,200 won on December 31 to 98,600 won on Wednesday.

Samsung Electronics' share price has seen a sharp rise in recent weeks, supported by a tech rally on Wall Street and an optimistic outlook for the chip sector amid a boom in the artificial intelligence (AI) market.