South Korea’s main stock market index has more than tripled in less than 18 months — six months faster than the Nasdaq Composite at the peak of the dotcom bubble — as the country’s army of retail investors pours cash into the Kospi.
The rally, since the start of 2025, has been powered by the country’s two largest listed companies, Samsung Electronics and SK Hynix, as surging demand from AI hyperscalers for their memory chips pushes their profits to record levels.
Samsung shares have risen about 130 per cent this year while SK Hynix has gained almost 170 per cent.
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