South Korean leader celebrates ‘Kospi 5,000’ moment as stock market soars
Country’s benchmark index is up almost 20% this year as reforms help woo investors
Country’s benchmark index is up almost 20% this year as reforms help woo investors

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

South Korea’s Kospi has gained more than 66% this year on AI and corporate governance reform bets

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

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

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

Government has encouraged retail traders to buy domestic equities