South Korea’s benchmark Kospi index has reached an all-time high, marking a significant milestone for the Asian market as it capitalizes on the global artificial intelligence investment cycle.
The index closed near record levels at the end of June, trading approximately 110% above its starting point for the year, according to reports from German business publication Wiwo.
The surge is largely driven by the semiconductor sector, which has seen broad-based gains in recent sessions.
This momentum was reinforced by stronger-than-expected earnings reports from major US memory chipmakers, which lifted sentiment across South Korean tech stocks.
The rally reflects the country’s deep integration into the global supply chain for AI hardware, with local firms benefiting from increased demand for memory and processing components.
The equity market’s performance is also translating into tangible fiscal benefits for the government.