What is driving the world’s best-performing stock market?
South Korea’s Kospi has gained more than 66% this year on AI and corporate governance reform bets
South Korea’s Kospi has gained more than 66% this year on AI and corporate governance reform bets

Corporate governance reforms are spurring a sharp re-rating of local shares with the Kospi index up 69% this year

Country’s benchmark index is up almost 20% this year as reforms help woo investors

It will take time for a durable equity base to be formed after momentum has been broken

Kospi hits three-and-a-half-year high on hopes Lee Jae-myung can pass governance reforms to boost valuations

Sharp swings are a reminder to Seoul that its reform agenda is incomplete

Equities rally in chipmaker-heavy Japan, South Korea and Taiwan