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4mo ago

Kospi Tops 2,800, Hits 10-Month High on Lee’s Economic Revival Agenda

Foreign inflows fuel won gains under plans for a 30 trillion won supplementary budget

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This photo, taken June 5, 2025, shows the dealing room of Hana Bank in central Seoul, with the Korea Composite Stock Price Index (KOSPI) ending at over 2,800 points in 11 months. (Yonhap)
This photo taken June 4, 2025, shows Hana Bank's dealing room in central Seoul. (Yonhap)
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Overview

  • The benchmark Kospi added more than 2% on June 5 to close above 2,800 for the first time since July 2024, extending a rally sparked by Lee Jae-myung’s inauguration.
  • Foreign investors net bought roughly 1.7 trillion won of South Korean stocks over June 4–5, underpinning the market upswing.
  • The Korean won strengthened past 1,350 won per dollar, marking its strongest level since October 2024 as inflows bolstered the currency.
  • President Lee Jae-myung’s administration plans to draft over 30 trillion won in fresh stimulus and enforce corporate governance reforms to boost shareholder returns.
  • The government aims for a sustained 3% annual growth rate with 210 trillion won allocated over five years to strategic sectors like AI, data infrastructure and green energy.