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3mo ago

KOSPI Surges Past 3,000 for First Time in Over Three Years

Policy optimism under Lee Jae-myung has fuelled a five-day rally, with US tariff talks, corporate earnings looming as potential tests.

An electronic signboard at Hana Bank in central Seoul shows the benchmark Korea Composite Stock Price Index (KOSPI) hit the 3,000-point mark for the first time in more than three years on June 20, 2025. (Yonhap)
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Overview

  • The KOSPI closed at 3,021.84 on June 20 after a five-day winning streak, marking its first finish above 3,000 since December 2021.
  • Foreign investors have pumped 5.37 trillion won into KOSPI stocks this month, with a net purchase of 554.6 billion won on Friday.
  • Gains were fuelled by eased Middle East tensions and hopes for Lee Jae-myung’s fiscal policy, including a 20.2 trillion-won extra budget and reforms to curb the Korea discount.
  • Major tech and energy firms led the rally, with Samsung Electronics up 0.51%, SK hynix rising 4.47% and LG Energy Solution advancing 4.81%.
  • Analysts warn that looming US tariff negotiations in July and the upcoming corporate earnings season could test the rally’s sustainability.