Asia Centric: Can Korea’s World Beating Bull Market Continue?

South Korea’s Kospi Index has surged about 70% this year, driven by AI-linked tech stocks such as Samsung Electronics and SK Hynix. Retail investors, who poured more than $100 billion...

By Clara Chen · Bloomberg

South Korea’s Kospi Index has surged about 70% this year, driven by AI-linked tech stocks such as Samsung Electronics and SK Hynix. Retail investors, who poured more than $100 billion into US equities since the pandemic, are now turning their attention homeward. President Lee Jae Myung’s pro-market and corporate governance reforms, including dividend tax cuts from 49% to a proposed 25%, are reshaping investor sentiment and capital flows.