Samsung Electronics has significantly strengthened its position in the ranking of the most expensive companies in the world, despite the failure of the flagship smartphone Galaxy Note 7 and corruption scandal around the vice chairman of the board, Lee Jae-yong (Lee Jae-yong).

According to the Yonhap newsletter referring to the data of the Korean Stock Exchange, from the beginning of the year 2017 to March 15, Samsung quotes rose by 14%, and market capitalization increased from 209.9 to 248.7 billion dollars. This will allow the South Korean giant to be on the 16th place in the list of the most expensive companies at the global level. At the end of 2016, Samsung was ten points lower.

By the end of the exchange auction on March 15, the price of one share of Samsung increased by 0.1% compared to the previous day and reached a new record value of 2.07 million won (about 1810 dollars).

The rise in price of Samsung securities is connected with the forthcoming release of the smartphone Galaxy S8, strong demand for semiconductor products, the expected improvement of the corporate structure and the increase of its transparency,.

The recall of about 3 million devices Galaxy Note 7, recognized as explosive, ceased to have a negative impact on Samsung shares. The same applies to the situation around Li Zhe Yong, who is accused of bribery in connection with the corruption scandal surrounding the President of South Korea.

Li Zhe Yong formally holds the position of vice-president of Samsung Group Corporation (it includes Samsung Electronics), but actually assumed the functions of a leader after his father, who headed the conglomerate, suffered a heart attack.

The arrest of Li Zhe Yen has improved the mood of investors who now expect greater transparency in Samsung Electronics's business in the future, notes IBK Securities analyst Lee Jong-woo,.

His colleague Kim Sun-woo of Meritz Securities says that foreign investors continue to buy shares of Samsung Electronics, expecting the company to record a record operating profit in the second quarter of 2017 - at 12.1 trillion won (10.5 Billion dollars).

It is worth noting that the most expensive company in the world remains Apple, whose market capitalization is 617.6 billion dollars. The top five leaders include Alphabet, Microsoft, Berkshire Hathaway and Amazon. The latter costs about 408 billion dollars.